Banner Co. (NASDAQ:BANR) announced a quarterly dividend on Wednesday, March 27th, NASDAQ reports. Investors of record on Tuesday, April 9th will be given a dividend of 0.41 per share by the financial services provider on Thursday, April 18th. This represents a $1.64 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from Banner’s previous quarterly dividend of $0.38.

Banner has increased its dividend by an average of 22.7% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Banner has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $4.52 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 33.6%.

NASDAQ:BANR opened at $53.73 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.80. Banner has a 12-month low of $48.50 and a 12-month high of $67.11.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $139.16 million for the quarter, compared to analyst estimates of $134.25 million. Banner had a return on equity of 10.43% and a net margin of 24.90%. Equities research analysts predict that Banner will post 4.35 EPS for the current fiscal year.

Several research firms have issued reports on BANR. Zacks Investment Research upgraded Banner from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday. BidaskClub lowered Banner from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. Finally, ValuEngine lowered Banner from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $61.80.

In other news, Director Cheryl R. Bishop sold 11,943 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $63.62, for a total value of $759,813.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.76% of the stock is currently owned by corporate insiders.

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About Banner

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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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Dividend History for Banner (NASDAQ:BANR)

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