Banner (NASDAQ:BANR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Wednesday.
A number of other research analysts have also weighed in on BANR. Keefe, Bruyette & Woods decreased their target price on Banner from $75.00 to $73.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Raymond James reiterated an "outperform" rating and issued a $65.00 price objective (down from $77.00) on shares of Banner in a report on Monday, April 21st. Stephens reissued an "overweight" rating and issued a $73.00 price objective on shares of Banner in a research report on Monday, April 21st. Janney Montgomery Scott raised shares of Banner from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a report on Monday, April 21st. Finally, DA Davidson increased their price target on shares of Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Banner has an average rating of "Hold" and a consensus target price of $70.83.
View Our Latest Stock Analysis on BANR
Banner Stock Performance
NASDAQ BANR traded down $0.29 on Wednesday, hitting $61.83. 185,443 shares of the stock were exchanged, compared to its average volume of 216,946. The company has a market capitalization of $2.14 billion, a PE ratio of 12.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85. The business's fifty day moving average is $61.87 and its 200 day moving average is $66.77. Banner has a 52 week low of $44.59 and a 52 week high of $78.05.
Banner (NASDAQ:BANR - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.06. The company had revenue of $159.88 million for the quarter, compared to analysts' expectations of $159.72 million. Banner had a net margin of 20.28% and a return on equity of 10.03%. During the same period in the prior year, the firm earned $1.22 EPS. Research analysts anticipate that Banner will post 5.23 EPS for the current fiscal year.
Institutional Trading of Banner
A number of institutional investors have recently bought and sold shares of BANR. Victory Capital Management Inc. raised its holdings in Banner by 20.3% during the first quarter. Victory Capital Management Inc. now owns 2,047,260 shares of the financial services provider's stock worth $130,554,000 after buying an additional 345,607 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Banner by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,439,174 shares of the financial services provider's stock worth $91,776,000 after acquiring an additional 59,653 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Banner by 122.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,142,987 shares of the financial services provider's stock valued at $72,888,000 after purchasing an additional 630,004 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Banner by 11.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 845,790 shares of the financial services provider's stock valued at $53,936,000 after purchasing an additional 88,056 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Banner by 5.5% during the fourth quarter. American Century Companies Inc. now owns 738,356 shares of the financial services provider's stock worth $49,300,000 after purchasing an additional 38,454 shares in the last quarter. Institutional investors own 87.33% of the company's stock.
About Banner
(
Get Free Report)
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.
See Also
Before you consider Banner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banner wasn't on the list.
While Banner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
