Banner Co. (NASDAQ:BANR) – Equities researchers at FIG Partners lowered their Q2 2019 EPS estimates for Banner in a research note issued to investors on Friday, May 31st. FIG Partners analyst T. Coffey now expects that the financial services provider will earn $1.08 per share for the quarter, down from their previous estimate of $1.11. FIG Partners also issued estimates for Banner’s Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.05 EPS, Q1 2020 earnings at $1.05 EPS, Q2 2020 earnings at $1.11 EPS, Q3 2020 earnings at $1.16 EPS, Q4 2020 earnings at $1.22 EPS and FY2020 earnings at $4.54 EPS.

A number of other brokerages have also weighed in on BANR. Zacks Investment Research lowered shares of Banner from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. BidaskClub raised shares of Banner from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. ValuEngine lowered shares of Banner from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Raymond James set a $62.00 price target on shares of Banner and gave the company a “buy” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Banner currently has an average rating of “Hold” and a consensus price target of $61.50.

Shares of Banner stock opened at $52.60 on Monday. The stock has a market capitalization of $1.77 billion, a P/E ratio of 12.86, a P/E/G ratio of 1.74 and a beta of 0.76. Banner has a twelve month low of $48.50 and a twelve month high of $67.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 0.94.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.07). The company had revenue of $134.23 million during the quarter, compared to analysts’ expectations of $139.04 million. Banner had a net margin of 24.74% and a return on equity of 10.39%.

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its holdings in Banner by 81.7% during the 3rd quarter. Morgan Stanley now owns 154,379 shares of the financial services provider’s stock valued at $9,598,000 after acquiring an additional 69,394 shares during the period. Bank of Montreal Can boosted its holdings in Banner by 18.1% during the 4th quarter. Bank of Montreal Can now owns 84,780 shares of the financial services provider’s stock valued at $4,533,000 after acquiring an additional 13,000 shares during the period. Quantamental Technologies LLC purchased a new stake in Banner during the 4th quarter valued at about $54,000. Arizona State Retirement System boosted its holdings in Banner by 3.5% during the 4th quarter. Arizona State Retirement System now owns 48,531 shares of the financial services provider’s stock valued at $2,595,000 after acquiring an additional 1,635 shares during the period. Finally, KBC Group NV boosted its holdings in Banner by 155.0% during the 4th quarter. KBC Group NV now owns 32,740 shares of the financial services provider’s stock valued at $1,751,000 after acquiring an additional 19,902 shares during the period. Institutional investors own 84.09% of the company’s stock.

In other Banner news, VP Steven W. Rust sold 491 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $53.39, for a total value of $26,214.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.51% of the stock is currently owned by corporate insiders.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.

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Earnings History and Estimates for Banner (NASDAQ:BANR)

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