Banner Corporation (NASDAQ:BANR) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Banner Corporation (NASDAQ:BANR - Get Free Report) have been given a consensus recommendation of "Hold" by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $70.75.

Several research analysts recently commented on the stock. DA Davidson restated a "neutral" rating and set a $72.00 target price on shares of Banner in a report on Monday, May 4th. Weiss Ratings upgraded shares of Banner from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 9th. Piper Sandler increased their target price on shares of Banner from $63.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Banner from a "sell" rating to a "hold" rating in a report on Saturday, February 28th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in Banner during the third quarter worth $32,000. Kemnay Advisory Services Inc. acquired a new position in Banner during the fourth quarter worth $31,000. Aquatic Capital Management LLC acquired a new position in Banner during the third quarter worth $36,000. EverSource Wealth Advisors LLC bought a new stake in Banner during the second quarter worth $45,000. Finally, Lodestone Wealth Management LLC bought a new stake in Banner during the fourth quarter worth $66,000. Institutional investors and hedge funds own 87.33% of the company's stock.

Banner Stock Up 0.1%

Banner stock opened at $65.67 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 11.06 and a beta of 0.85. Banner has a twelve month low of $57.05 and a twelve month high of $69.83. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $62.11 and a 200-day moving average of $62.95.

Banner (NASDAQ:BANR - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Banner had a net margin of 23.24% and a return on equity of 10.77%. The company had revenue of $168.91 million during the quarter, compared to analysts' expectations of $169.60 million. On average, equities research analysts anticipate that Banner will post 6.12 EPS for the current fiscal year.

Banner Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, May 5th. This is a positive change from Banner's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.2%. Banner's dividend payout ratio is currently 35.02%.

Banner Company Profile

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.

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