Banner Corporation (NASDAQ:BANR) Receives $70.83 Average PT from Analysts

Banner Corporation (NASDAQ:BANR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $70.83.

BANR has been the subject of a number of research analyst reports. Janney Montgomery Scott raised Banner from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a research note on Monday, April 21st. Raymond James Financial reaffirmed an "outperform" rating and set a $65.00 target price (down previously from $77.00) on shares of Banner in a research note on Monday, April 21st. Stephens reissued an "overweight" rating and issued a $73.00 price target on shares of Banner in a research note on Monday, April 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Banner from $75.00 to $73.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen lowered Banner from a "hold" rating to a "sell" rating in a research report on Thursday, May 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake in shares of Banner by 816.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,082 shares of the financial services provider's stock worth $72,000 after acquiring an additional 964 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Banner during the 4th quarter valued at about $274,000. William Blair Investment Management LLC raised its holdings in Banner by 10,213.3% in the fourth quarter. William Blair Investment Management LLC now owns 634,579 shares of the financial services provider's stock worth $42,371,000 after buying an additional 628,426 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Banner by 2.7% in the first quarter. Principal Financial Group Inc. now owns 171,592 shares of the financial services provider's stock worth $10,942,000 after buying an additional 4,503 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Banner by 2.0% in the fourth quarter. Invesco Ltd. now owns 134,060 shares of the financial services provider's stock worth $8,951,000 after buying an additional 2,637 shares in the last quarter. Institutional investors own 87.33% of the company's stock.

Banner Trading Up 0.2%

Shares of NASDAQ BANR traded up $0.12 during trading hours on Friday, hitting $66.83. The company's stock had a trading volume of 357,345 shares, compared to its average volume of 218,717. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 13.13 and a beta of 0.89. Banner has a 12 month low of $51.14 and a 12 month high of $78.05. The business has a 50-day simple moving average of $64.00 and a 200-day simple moving average of $64.82.

Banner (NASDAQ:BANR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, hitting the consensus estimate of $1.35. Banner had a return on equity of 9.95% and a net margin of 20.77%. On average, analysts anticipate that Banner will post 5.23 earnings per share for the current fiscal year.

Banner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.87%. Banner's payout ratio is 37.72%.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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 savings plans.