Banner Co. (NASDAQ:BANR) will be releasing its earnings data on Monday, April 24th.
Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.02. Banner had a return on equity of 7.05% and a net margin of 17.98%. The company had revenue of $116.63 million for the quarter, compared to analyst estimates of $116.59 million. On average, analysts expect Banner to post $3.00 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.
Banner Co. (NASDAQ:BANR) traded down 0.38% during trading on Friday, hitting $54.84. 120,566 shares of the stock were exchanged. The stock’s 50 day moving average is $55.72 and its 200-day moving average is $53.23. Banner Co. has a one year low of $38.77 and a one year high of $60.97. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 21.76 and a beta of 1.21.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 19th. Investors of record on Monday, April 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. This is a boost from Banner’s previous quarterly dividend of $0.23. Banner’s dividend payout ratio (DPR) is currently 36.51%.
BANR has been the topic of several research analyst reports. Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Wednesday, January 4th. Piper Jaffray Companies lowered their target price on Banner from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Banner currently has an average rating of “Buy” and a consensus price target of $53.80.
In related news, Director D Michael Jones sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $55.92, for a total value of $559,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Keith A. Western sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $56.17, for a total value of $449,360.00. Following the completion of the sale, the vice president now directly owns 19,757 shares of the company’s stock, valued at approximately $1,109,750.69. The disclosure for this sale can be found here. In the last three months, insiders sold 29,744 shares of company stock valued at $1,678,368. 1.98% of the stock is currently owned by company insiders.
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Banner Company Profile
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 Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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