Banner Corporation (NASDAQ:BANR) Stock Has Consensus Price Target of $73.75 According to Analysts

Shares of Banner Corporation (NASDAQ:BANR) have been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $73.75.

Several equities analysts have recently weighed in on the company. Piper Sandler reduced their price target on Banner from $74.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. DA Davidson upped their price target on shares of Banner from $72.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banner in a report on Monday, September 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Banner from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Monday, July 27th.

Banner Stock Performance

Shares of BANR stock opened at $66.87 on Tuesday. Banner has a 12 month low of $57.05 and a 12 month high of $74.84. The stock has a market cap of $2.27 billion, a PE ratio of 11.03 and a beta of 0.83. The company’s fifty day moving average price is $70.27 and its 200-day moving average price is $67.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Banner had a return on equity of 10.72% and a net margin of 23.55%.The business had revenue of $172.11 million for the quarter, compared to the consensus estimate of $174.54 million. On average, equities analysts expect that Banner will post 6.16 EPS for the current fiscal year.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, August 4th. This represents a $2.08 dividend on an annualized basis and a yield of 3.1%. Banner’s dividend payout ratio (DPR) is presently 34.32%.

Institutional Trading of Banner

Several institutional investors and hedge funds have recently added to or reduced their stakes in BANR. Nykredit A S purchased a new stake in Banner in the 2nd quarter worth $28,000. Financial Life Planners bought a new position in shares of Banner during the first quarter valued at approximately $30,000. Public Employees Retirement System of Ohio bought a new position in Banner in the 2nd quarter valued at $36,000. Versant Capital Management Inc increased its stake in Banner by 31.5% in the second quarter. Versant Capital Management Inc now owns 714 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 171 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Banner by 342.4% during the second quarter. Allworth Financial LP now owns 845 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 654 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

Banner Company Profile

Banner Corporation is a bank holding company headquartered in Walla Walla, Washington. Its principal subsidiary, Banner Bank, is a community bank that provides financial services to individuals, families, businesses and nonprofit organizations.

Banner Bank offers deposit accounts, residential and commercial real estate lending, construction loans, business and consumer loans, mortgage services, treasury management and wealth management solutions. The bank also serves small and mid-sized businesses through commercial banking products and relationship-based financial services.

Founded in the Pacific Northwest, Banner has expanded its banking operations across Washington, Oregon, Idaho, California and Utah.