What is DA Davidson's Forecast for Banner FY2025 Earnings?

Banner Co. (NASDAQ:BANR - Free Report) - Stock analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of Banner in a research report issued on Monday, April 21st. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $5.60 per share for the year, up from their previous forecast of $5.40. DA Davidson currently has a "Neutral" rating and a $76.00 price target on the stock. The consensus estimate for Banner's current full-year earnings is $5.23 per share. DA Davidson also issued estimates for Banner's FY2026 earnings at $5.75 EPS.

Banner (NASDAQ:BANR - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share 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 business had revenue of $159.88 million during the quarter, compared to the consensus estimate of $159.72 million. During the same period in the prior year, the company posted $1.22 EPS.

BANR has been the subject of several other research reports. Stephens restated an "overweight" rating and set a $73.00 price target on shares of Banner in a research report on Monday. Keefe, Bruyette & Woods reduced their target price on Banner from $75.00 to $73.00 and set a "market perform" rating for the company in a report on Monday. Janney Montgomery Scott upgraded Banner from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a research report on Monday. Finally, Raymond James restated an "outperform" rating and issued a $65.00 price objective (down previously from $77.00) on shares of Banner in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.83.

Banner Price Performance

NASDAQ:BANR traded down $0.74 during trading hours on Tuesday, reaching $61.52. 171,250 shares of the company were exchanged, compared to its average volume of 212,284. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.12 billion, a PE ratio of 12.61 and a beta of 0.94. Banner has a twelve month low of $43.63 and a twelve month high of $78.05. The stock's 50-day moving average is $63.14 and its 200-day moving average is $67.11.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Tuesday, April 29th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, April 29th. Banner's payout ratio is currently 37.72%.

Hedge Funds Weigh In On Banner

Institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Banner in the fourth quarter valued at approximately $32,000. Financial Life Planners purchased a new stake in Banner in the fourth quarter valued at $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Banner in the 1st quarter valued at $34,000. Smartleaf Asset Management LLC grew its holdings in shares of Banner by 167.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock worth $47,000 after purchasing an additional 441 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Banner by 53.9% during the 1st 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. 87.33% of the stock is currently owned by institutional investors and hedge funds.

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.