Banner's (BANR) "Overweight" Rating Reiterated at Stephens

Banner (NASDAQ:BANR - Get Free Report)'s stock had its "overweight" rating restated by research analysts at Stephens in a report released on Monday,Benzinga reports. They presently have a $73.00 price objective on the financial services provider's stock. Stephens' target price suggests a potential upside of 22.46% from the company's previous close.

BANR has been the subject of several other reports. DA Davidson lifted their price objective on Banner from $73.00 to $76.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Raymond James reiterated an "outperform" rating and issued a $65.00 price target (down from $77.00) on shares of Banner in a report on Monday. Janney Montgomery Scott upgraded shares of Banner from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a report on Monday. Finally, Keefe, Bruyette & Woods cut their price objective on Banner from $75.00 to $73.00 and set a "market perform" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $70.83.

Banner Stock Performance

BANR stock traded down $0.88 during trading on Monday, hitting $59.61. The company had a trading volume of 67,711 shares, compared to its average volume of 211,611. Banner has a 1-year low of $43.63 and a 1-year high of $78.05. The firm has a 50-day moving average price of $63.72 and a 200-day moving average price of $67.16. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.06 billion, a PE ratio of 12.22 and a beta of 0.94.

Banner (NASDAQ:BANR - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.06. Banner had a return on equity of 10.03% and a net margin of 20.28%. The company had revenue of $159.88 million for the quarter, compared to analysts' expectations of $159.72 million. During the same quarter in the previous year, the firm posted $1.22 EPS. On average, analysts expect that Banner will post 5.23 earnings per share for the current year.

Hedge Funds Weigh In On Banner

Large investors have recently made changes to their positions in the business. Financial Life Planners bought a new position in shares of Banner during the fourth quarter valued at $32,000. USA Financial Formulas bought a new position in Banner during the 4th quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in shares of Banner during the first quarter worth $34,000. Smartleaf Asset Management LLC grew its stake in Banner by 167.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 441 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Banner by 53.9% during the first quarter. GAMMA Investing LLC now owns 754 shares of the financial services provider's stock worth $48,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 87.33% of the company's stock.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.

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