Shares of Banner Co. (NASDAQ:BANR - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $59.64 and last traded at $61.14, with a volume of 209867 shares trading hands. The stock had previously closed at $61.56.
Wall Street Analyst Weigh In
Several research firms have issued reports on BANR. Keefe, Bruyette & Woods cut their target price on Banner from $75.00 to $73.00 and set a "market perform" rating on the stock 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 objective for the company in a research note on Monday, April 21st. Stephens reissued an "overweight" rating and set a $73.00 target price on shares of Banner in a research report on Monday, April 21st. StockNews.com raised shares of Banner from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Finally, DA Davidson raised their price objective on Banner from $73.00 to $76.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Banner has a consensus rating of "Moderate Buy" and an average target price of $70.83.
View Our Latest Report on BANR
Banner Stock Down 0.5 %
The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 12.70 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The company's 50 day moving average price is $62.28 and its 200 day moving average price is $67.07.
Banner (NASDAQ:BANR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.06. Banner had a return on equity of 10.03% and a net margin of 20.28%. The business had revenue of $159.88 million for the quarter, compared to analyst estimates of $159.72 million. During the same period in the prior year, the company earned $1.22 earnings per share. As a group, research analysts forecast that Banner Co. will post 5.23 earnings per share for the current fiscal year.
Banner Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, April 29th. Banner's payout ratio is 37.72%.
Institutional Trading of Banner
Hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its stake in shares of Banner by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,591 shares of the financial services provider's stock valued at $240,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC grew its holdings in Banner by 53.9% in the first quarter. GAMMA Investing LLC now owns 754 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 264 shares during the period. US Bancorp DE increased its position in shares of Banner by 21.8% in the fourth quarter. US Bancorp DE now owns 1,749 shares of the financial services provider's stock valued at $117,000 after buying an additional 313 shares in the last quarter. USA Financial Formulas raised its stake in shares of Banner by 69.1% during the 1st quarter. USA Financial Formulas now owns 805 shares of the financial services provider's stock worth $51,000 after buying an additional 329 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Banner by 9.5% during the 4th quarter. Bank of Montreal Can now owns 3,792 shares of the financial services provider's stock valued at $253,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Stories
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
