Banner Co. (NASDAQ:BANR) – Stock analysts at FIG Partners lowered their FY2018 earnings per share estimates for Banner in a research note issued to investors on Sunday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings of $3.66 per share for the year, down from their previous forecast of $3.72. FIG Partners also issued estimates for Banner’s Q2 2019 earnings at $0.96 EPS.

BANR has been the topic of a number of other reports. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Banner in a research note on Friday, October 27th. Zacks Investment Research raised Banner from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. ValuEngine cut Banner from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 target price on shares of Banner in a research note on Friday, December 22nd. Finally, BidaskClub cut Banner from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $60.50.

Shares of Banner (BANR) traded down $0.08 during trading on Tuesday, reaching $54.26. The company’s stock had a trading volume of 123,732 shares, compared to its average volume of 161,182. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1,784.90, a PE ratio of 29.53, a P/E/G ratio of 1.60 and a beta of 1.07. Banner has a 1-year low of $51.61 and a 1-year high of $62.75.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.08). The company had revenue of $128.15 million during the quarter, compared to analysts’ expectations of $126.56 million. Banner had a return on equity of 7.55% and a net margin of 12.02%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Banner by 6.0% during the second quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after purchasing an additional 221,159 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Banner by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,760,603 shares of the financial services provider’s stock worth $156,002,000 after acquiring an additional 27,376 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Banner by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock worth $147,428,000 after acquiring an additional 110,369 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Banner by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,008,608 shares of the financial services provider’s stock worth $123,086,000 after acquiring an additional 92,317 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Banner in the second quarter worth $77,217,000. Institutional investors own 91.53% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Tuesday, January 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. Banner’s dividend payout ratio is presently 54.35%.

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About Banner

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

Earnings History and Estimates for Banner (NASDAQ:BANR)

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