Banner (NASDAQ:BANR) Price Target Raised to $72.00

Banner (NASDAQ:BANR - Free Report) had its target price lifted by DA Davidson from $67.00 to $72.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the financial services provider's stock. DA Davidson also issued estimates for Banner's Q3 2025 earnings at $1.43 EPS.

BANR has been the subject of a number of other reports. Stephens reiterated an "overweight" rating and set a $73.00 price objective on shares of Banner in a report on Monday, April 21st. Raymond James Financial reiterated an "outperform" rating and issued a $65.00 price target (down previously from $77.00) on shares of Banner in a research note on Monday, April 21st. Janney Montgomery Scott upgraded shares of 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. Wall Street Zen cut shares of Banner from a "hold" rating to a "sell" rating in a research note on Thursday, May 29th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Banner from $75.00 to $73.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.17.

Banner Stock Performance

NASDAQ:BANR traded up $1.17 during midday trading on Friday, reaching $67.26. The stock had a trading volume of 21,826 shares, compared to its average volume of 217,172. Banner has a 1-year low of $51.14 and a 1-year high of $78.05. The firm's fifty day simple moving average is $64.24 and its 200-day simple moving average is $64.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $2.33 billion, a P/E ratio of 12.81 and a beta of 0.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.03. The business had revenue of $162.98 million for the quarter, compared to analysts' expectations of $167.96 million. Banner had a return on equity of 10.06% and a net margin of 21.15%. On average, equities research analysts forecast that Banner will post 5.23 EPS for the current fiscal year.

Banner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.92 dividend on an annualized basis and a yield of 2.85%. Banner's dividend payout ratio (DPR) is presently 36.57%.

Institutional Trading of Banner

Several institutional investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. grew its position in Banner by 122.8% during the first quarter. Westwood Holdings Group Inc. now owns 1,142,987 shares of the financial services provider's stock valued at $72,888,000 after buying an additional 630,004 shares during the period. Nuveen LLC purchased a new stake in Banner in the first quarter valued at approximately $40,078,000. Victory Capital Management Inc. raised its stake in Banner by 20.3% in the first quarter. Victory Capital Management Inc. now owns 2,047,260 shares of the financial services provider's stock valued at $130,554,000 after purchasing an additional 345,607 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Banner during the fourth quarter worth approximately $10,023,000. Finally, Invesco Ltd. raised its stake in shares of Banner by 86.0% during the first quarter. Invesco Ltd. now owns 249,298 shares of the financial services provider's stock worth $15,898,000 after acquiring an additional 115,238 shares in the last quarter. Institutional investors own 87.33% of the company's stock.

About Banner

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.