Wall Street analysts predict that Banner Co. (NASDAQ: BANR) will post earnings per share (EPS) of $ 1.03 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Banner’s earnings, with the highest EPS estimate being $ 1.32 and the lowest being $ 0.87. Banner posted earnings of $ 0.60 per share for the same quarter last year, representing a positive year-over-year growth rate of 71.7%. The company is expected to release its next quarterly results on Monday, April 26th.
According to Zacks, analysts expect Banner to post annual earnings of $ 3.92 per share for the current fiscal year, with EPS estimates ranging between $ 3.30 and $ 4.80. For the next year, analysts expect earnings per share of $ 3.66, with EPS estimates ranging between $ 3.51 and $ 3.88. Zacks Investment Research’s average earnings per share is based on a survey of sell-side analysts studying Banner.
Banner (NASDAQ: BANR) last released its quarterly earnings data on Wednesday January 20th. The financial services company reported earnings of $ 1.10 per share for the quarter, beating analysts’ consensus estimate of $ 0.92 by $ 0.18. Banner had a net margin of 17.88% and a return on equity of 7.38%.
Several brokers have recently published reports on BANR. Raymond James raised his price target for Banner shares from USD 42.00 to USD 57.00 and rated the company as “Outperform” in a research note on Monday, January 25th. Stephens initiated coverage of Banner stocks in a research note on Tuesday, January 5th. They gave the company an “equilibrium” rating. Zacks Investment Research upgraded Banner shares from a “hold” rating to a “buy” rating and issued a research note on Wednesday, January 27, setting a price target of $ 55.00 for the company. Piper Sandler upgraded Banner’s stock from a “neutral” rating to an “overweight” rating and raised the price target for the company in a research note on Thursday, December 3, from $ 41.00 to $ 50.00. Finally, TheStreet upgraded Banner’s shares from a “c +” rating to a “b” rating in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a hold rating and four with a buy rating. The stock currently has a consensus rating of “Buy” and a consensus price target of $ 54.25.
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A number of institutional investors have recently added or reduced their stakes in the business. BlackRock Inc. increased its stake in Banner by 0.6% in the fourth quarter. BlackRock Inc. now owns 5,178,534 shares of the financial services company valued at $ 241,268,000 after purchasing an additional 30,865 shares last quarter. Victory Capital Management Inc. increased its stake in Banner by 20.2% in the fourth quarter. Victory Capital Management Inc. now owns 676,121 shares in the financial services company, valued at $ 31,501,000, after purchasing an additional 113,546 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in Banner by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 596,516 shares in the financial services company valued at $ 27,792,000 after purchasing an additional 18,538 shares last quarter. Principal Financial Group Inc. increased its stake in Banner by 2.6% in the third quarter. Principal Financial Group Inc. now owns 292,017 shares in the financial services company valued at $ 9,420,000 after purchasing an additional 7,440 shares last quarter. Finally, FJ Capital Management LLC increased its stake in Banner by 165.1% in the fourth quarter. FJ Capital Management LLC now owns 289,000 shares in the financial services company, valued at $ 13,457,000, after purchasing an additional 180,000 shares last quarter. Institutional investors own 82.52% of the company’s shares.
NASDAQ BANR shares opened at $ 50.78 on Thursday. Banner has a 12-month low of $ 27.12 and a 12-month high of $ 54.47. The stock has a market cap of $ 1.79 billion, a P / E of 16.28, and a beta of 1.14. The company has a current rate of 0.88, a quick rate of 0.87, and a leverage ratio of 0.32. The company has a 50-day moving average of $ 49.18 and a 200-day moving average of $ 41.28.
The company recently announced a quarterly dividend, which was paid on Tuesday, February 16. A dividend of $ 0.41 was paid to shareholders of record on Thursday, February 4th. The ex-dividend date for this dividend was Wednesday, February 3rd. This equates to an annualized dividend of $ 1.64 and a dividend yield of 3.23%. Banner’s payout ratio is currently 37.44%.
Banner Corporation acts as the banking holding company for Banner Bank and Islanders Bank, which provide commercial banking and financial products and services primarily in the United States to retail, corporate and public clients. 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 plans.
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