Banner Co. (NASDAQ:BANR) – Analysts at FBR & Co issued their Q1 2018 earnings estimates for shares of Banner in a report issued on Monday. FBR & Co analyst S. Moss expects that the brokerage will earn $0.81 per share for the quarter. FBR & Co currently has a “Mkt Perform” rating and a $46.00 target price on the stock. FBR & Co also issued estimates for Banner’s Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.79 EPS and FY2018 earnings at $3.25 EPS.
A number of other brokerages have also commented on BANR. Zacks Investment Research raised Banner from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Keefe, Bruyette & Woods decreased their price objective on Banner from $49.00 to $48.00 and set a “market perform” rating on the stock in a report on Thursday, July 28th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Banner in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $50.00.
Shares of Banner (NASDAQ:BANR) traded down 2.09% during mid-day trading on Thursday, hitting $43.57. The stock had a trading volume of 161,080 shares. Banner has a 1-year low of $35.39 and a 1-year high of $53.55. The company has a market capitalization of $1.50 billion, a P/E ratio of 22.87 and a beta of 1.63. The stock’s 50-day moving average price is $43.86 and its 200 day moving average price is $42.87.
Banner (NASDAQ:BANR) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.05. Banner had a net margin of 13.96% and a return on equity of 6.70%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Monday, October 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.11%. This is an increase from Banner’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, October 5th. Banner’s dividend payout ratio is presently 47.18%.
Hedge funds have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. increased its stake in Banner by 4.8% in the second quarter. PineBridge Investments L.P. now owns 2,606 shares of the financial services provider’s stock worth $111,000 after buying an additional 120 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Banner during the second quarter valued at $171,000. Baker Boyer National Bank acquired a new stake in shares of Banner during the third quarter valued at $225,000. MUFG Americas Holdings Corp increased its stake in shares of Banner by 2.0% in the second quarter. MUFG Americas Holdings Corp now owns 6,108 shares of the financial services provider’s stock valued at $260,000 after buying an additional 118 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Banner by 125.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,889 shares of the financial services provider’s stock valued at $293,000 after buying an additional 3,836 shares in the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.
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 regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.
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