Banner Corporation (BANR) to Issue Quarterly Dividend of $0.52 on May 15th

Banner Corporation (NASDAQ:BANR) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Tuesday, May 5th will be given a dividend of 0.52 per share by the financial services provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, May 5th. This is a 4.0% increase from Banner’s previous quarterly dividend of $0.50.

Banner has decreased its dividend payment by an average of 0.1%per year over the last three years. Banner has a payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $6.55 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 31.8%.

Banner Stock Down 1.6%

BANR opened at $65.87 on Friday. The company has a fifty day moving average price of $61.87 and a 200-day moving average price of $62.89. The firm has a market capitalization of $2.23 billion, a P/E ratio of 11.09 and a beta of 0.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.86 and a quick ratio of 0.85. Banner has a one year low of $57.05 and a one year high of $69.83.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Banner had a net margin of 23.24% and a return on equity of 10.77%. The company had revenue of $168.91 million during the quarter, compared to the consensus estimate of $169.60 million. Equities research analysts expect that Banner will post 6.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banner

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Life Planners purchased a new stake in Banner in the first quarter worth about $30,000. Kemnay Advisory Services Inc. purchased a new stake in Banner in the fourth quarter worth about $31,000. Aquatic Capital Management LLC purchased a new stake in Banner in the third quarter worth about $36,000. EverSource Wealth Advisors LLC purchased a new stake in Banner in the second quarter worth about $45,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Banner in the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.

About Banner

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.