Shares of Banner Co. (NASDAQ:BANR) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $65.20.

A number of equities analysts recently issued reports on the company. BidaskClub cut Banner from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Stephens restated a “hold” rating and set a $68.00 price objective on shares of Banner in a report on Thursday, September 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $61.00 price objective on shares of Banner in a report on Friday, July 13th. Zacks Investment Research upgraded Banner from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, June 26th. Finally, Sandler O’Neill restated a “buy” rating and set a $70.00 price objective on shares of Banner in a report on Monday, July 30th.

BANR opened at $64.31 on Friday. Banner has a 52-week low of $52.20 and a 52-week high of $67.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $2.07 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.74 and a beta of 0.93.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.14. Banner had a return on equity of 8.59% and a net margin of 14.02%. The company had revenue of $124.28 million during the quarter, compared to analysts’ expectations of $121.15 million. research analysts forecast that Banner will post 3.68 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of BANR. Wells Fargo & Company MN raised its position in Banner by 13.2% during the 1st quarter. Wells Fargo & Company MN now owns 133,917 shares of the financial services provider’s stock valued at $7,431,000 after purchasing an additional 15,567 shares in the last quarter. SG Americas Securities LLC bought a new stake in Banner during the 1st quarter valued at $120,000. Prudential Financial Inc. raised its position in Banner by 1.4% during the 1st quarter. Prudential Financial Inc. now owns 72,413 shares of the financial services provider’s stock valued at $4,018,000 after purchasing an additional 1,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Banner by 2.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 163,657 shares of the financial services provider’s stock valued at $9,082,000 after purchasing an additional 4,489 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Banner by 6.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 21,952 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 1,305 shares in the last quarter. 91.94% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Banner (NASDAQ:BANR)

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