Banner Co. to Post FY2018 Earnings of $3.66 Per Share, FIG Partners Forecasts (BANR)
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.
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%.
WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.watchlistnews.com/banner-co-to-post-fy2018-earnings-of-3-66-per-share-fig-partners-forecasts-banr/1837483.html.
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.
Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.