Banner Corporation (BANR) to Distribute Quarterly Dividend of $0.52 on August 14th

Banner Corporation (NASDAQ:BANRGet Free Report) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, August 4th will be paid a dividend of 0.52 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, August 4th.

Banner has decreased its dividend by an average of 0.1%per year over the last three years. Banner has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banner to earn $6.75 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 30.8%.

Banner Trading Down 1.1%

NASDAQ BANR opened at $68.85 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 11.36 and a beta of 0.83. The company’s 50-day simple moving average is $66.48 and its two-hundred day simple moving average is $64.14. Banner has a one year low of $57.05 and a one year high of $72.65.

Banner (NASDAQ:BANRGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Banner had a return on equity of 10.80% and a net margin of 23.55%.The business had revenue of $172.11 million during the quarter, compared to analysts’ expectations of $174.54 million. Equities analysts forecast that Banner will post 6.17 EPS for the current fiscal year.

Banner Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Banner (NASDAQ:BANR)

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