Banner Co. (NASDAQ:BANR - Free Report) - Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Banner in a research note issued on Friday, October 18th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $1.26 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $69.00 target price on the stock. The consensus estimate for Banner's current full-year earnings is $4.71 per share. DA Davidson also issued estimates for Banner's FY2025 earnings at $4.90 EPS.
Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.12. The company had revenue of $213.90 million during the quarter, compared to analyst estimates of $152.95 million. Banner had a return on equity of 10.89% and a net margin of 20.93%. During the same period in the previous year, the company earned $1.43 earnings per share.
A number of other brokerages have also recently issued reports on BANR. Piper Sandler set a $67.00 price objective on shares of Banner in a research note on Thursday. Janney Montgomery Scott downgraded shares of Banner from a "buy" rating to a "neutral" rating in a research note on Friday, July 19th. Raymond James upped their price objective on Banner from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Finally, Stephens reissued an "overweight" rating and issued a $53.00 target price on shares of Banner in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.60.
Check Out Our Latest Analysis on Banner
Banner Stock Performance
BANR stock traded down $2.09 during trading on Monday, reaching $64.66. 272,191 shares of the stock were exchanged, compared to its average volume of 197,613. The stock has a 50 day simple moving average of $59.02 and a 200-day simple moving average of $52.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.23 billion, a P/E ratio of 13.88 and a beta of 1.05. Banner has a twelve month low of $39.31 and a twelve month high of $68.11.
Banner Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, November 5th. Banner's dividend payout ratio is presently 39.92%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its stake in shares of Banner by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the financial services provider's stock worth $859,000 after buying an additional 300 shares during the last quarter. Diversified Trust Co grew its stake in Banner by 3.9% in the first quarter. Diversified Trust Co now owns 9,906 shares of the financial services provider's stock valued at $475,000 after purchasing an additional 371 shares in the last quarter. CWM LLC increased its position in shares of Banner by 19.5% during the 3rd quarter. CWM LLC now owns 2,275 shares of the financial services provider's stock worth $136,000 after purchasing an additional 371 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Banner by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 30,061 shares of the financial services provider's stock valued at $1,443,000 after acquiring an additional 389 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in Banner by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,906 shares of the financial services provider's stock valued at $331,000 after acquiring an additional 475 shares during the period. Institutional investors own 87.33% of the company's stock.
Banner Company Profile
(
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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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