Banner Corporation (NASDAQ:BANR) Receives $71.17 Average Price Target from Brokerages

Banner Corporation (NASDAQ:BANR) has received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $71.1667.

A number of equities research analysts have commented on BANR shares. Piper Sandler reissued a “neutral” rating and set a $70.00 price objective on shares of Banner in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Banner in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Banner from a “sell” rating to a “hold” rating in a report on Saturday.

Banner Stock Down 4.7%

NASDAQ BANR opened at $58.85 on Monday. The stock’s 50 day simple moving average is $63.59 and its 200 day simple moving average is $63.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. Banner has a one year low of $54.01 and a one year high of $69.83. The firm has a market cap of $2.01 billion, a PE ratio of 10.43 and a beta of 0.90.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.46 by $0.09. Banner had a return on equity of 10.46% and a net margin of 22.26%.The company had revenue of $169.90 million for the quarter, compared to analysts’ expectations of $173.23 million. As a group, sell-side analysts forecast that Banner will post 5.23 earnings per share for the current fiscal year.

Banner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, February 3rd were issued a $0.50 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a $2.00 annualized dividend and a yield of 3.4%. Banner’s dividend payout ratio (DPR) is currently 35.46%.

Institutional Trading of Banner

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in Banner during the 4th quarter valued at about $31,000. Financial Life Planners bought a new stake in shares of Banner during the third quarter worth approximately $32,000. Aquatic Capital Management LLC acquired a new position in Banner in the third quarter valued at approximately $36,000. EverSource Wealth Advisors LLC acquired a new position in Banner in the second quarter valued at approximately $45,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Banner during the 4th quarter valued at $66,000. 87.33% of the stock is owned by institutional investors.

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.