Banner Corporation (BANR) Getting Somewhat Favorable Media Coverage, Analysis Shows
Headlines about Banner Corporation (NASDAQ:BANR) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Banner Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.9859830788944 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages have weighed in on BANR. Stephens began coverage on shares of Banner Corporation in a research note on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 target price for the company. BidaskClub upgraded shares of Banner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, July 3rd. Finally, ValuEngine upgraded shares of Banner Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $57.75.
Banner Corporation (NASDAQ BANR) traded down 0.16% during midday trading on Tuesday, hitting $61.21. 45,013 shares of the stock traded hands. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 21.32 and a beta of 1.04. The company has a 50-day moving average price of $58.26 and a 200 day moving average price of $56.22. Banner Corporation has a one year low of $43.85 and a one year high of $62.24.
Banner Corporation (NASDAQ:BANR) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The business had revenue of $122.18 million during the quarter, compared to analysts’ expectations of $119.46 million. Equities research analysts anticipate that Banner Corporation will post $3.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, October 6th. Banner Corporation’s payout ratio is 34.72%.
In other news, VP Cynthia D. Purcell sold 1,007 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total value of $55,999.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Sirmon sold 3,333 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,925 shares of company stock valued at $446,739. Company insiders own 1.71% of the company’s stock.
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Banner Corporation Company Profile
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.
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