DA Davidson Issues Pessimistic Estimate for Banner Earnings

Banner Corporation (NASDAQ:BANR - Free Report) - DA Davidson cut their Q2 2025 earnings per share (EPS) estimates for Banner in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $1.34 per share for the quarter, down from their previous estimate of $1.42. The consensus estimate for Banner's current full-year earnings is $5.23 per share. DA Davidson also issued estimates for Banner's FY2026 earnings at $5.42 EPS.

A number of other analysts have also commented on BANR. Wall Street Zen lowered Banner from a "hold" rating to a "sell" rating in a research report on Thursday, May 29th. Keefe, Bruyette & Woods reduced their price objective on Banner from $75.00 to $73.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Janney Montgomery Scott raised Banner from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research report on Monday, April 21st. Raymond James Financial reiterated an "outperform" rating and issued a $65.00 target price (down from $77.00) on shares of Banner in a report on Monday, April 21st. Finally, Stephens restated an "overweight" rating and set a $73.00 price target on shares of Banner in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $70.83.

Banner Stock Up 1.2%

BANR traded up $0.80 during midday trading on Monday, hitting $67.44. The company had a trading volume of 85,139 shares, compared to its average volume of 218,944. The stock's 50 day moving average price is $62.71 and its 200 day moving average price is $64.76. Banner has a 52 week low of $47.20 and a 52 week high of $78.05. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 13.25 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.24.

Banner (NASDAQ:BANR - Get Free Report) last released 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 the consensus estimate of $159.72 million. Banner had a net margin of 20.77% and a return on equity of 9.95%. During the same quarter in the previous year, the company earned $1.22 EPS.

Banner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.85%. Banner's payout ratio is 37.72%.

Institutional Investors Weigh In On Banner

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in shares of Banner by 20.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,047,260 shares of the financial services provider's stock worth $130,554,000 after acquiring an additional 345,607 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Banner by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,174 shares of the financial services provider's stock worth $91,776,000 after purchasing an additional 59,653 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings 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 worth $72,888,000 after purchasing an additional 630,004 shares during the last quarter. The Manufacturers Life Insurance Company grew its position 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 worth $53,936,000 after purchasing an additional 88,056 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Banner by 5.5% in the 4th quarter. American Century Companies Inc. now owns 738,356 shares of the financial services provider's stock valued at $49,300,000 after buying an additional 38,454 shares during the last quarter. 87.33% of the stock is owned by hedge funds and other institutional investors.

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.