DA Davidson Forecasts Banner's FY2025 Earnings (NASDAQ:BANR)

Banner Co. (NASDAQ:BANR - Free Report) - Research analysts at DA Davidson boosted their FY2025 earnings estimates for shares of Banner in a report released on Monday, April 21st. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $5.60 per share for the year, up from their prior estimate of $5.40. DA Davidson has a "Neutral" rating and a $76.00 price objective on the stock. 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 $5.75 EPS.

Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings data 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. Banner had a net margin of 20.28% and a return on equity of 10.03%. The business had revenue of $159.88 million for the quarter, compared to the consensus estimate of $159.72 million. During the same period in the previous year, the firm earned $1.22 EPS.

Several other equities research analysts also recently weighed in on the stock. Stephens reissued an "overweight" rating and set a $73.00 price target on shares of Banner in a research report on Monday, April 21st. Raymond James reissued an "outperform" rating and set a $65.00 price target (down previously from $77.00) on shares of Banner in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced 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 report on Monday, April 21st. Finally, Janney Montgomery Scott raised shares of Banner from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Banner has a consensus rating of "Hold" and an average price target of $70.83.

Banner Stock Down 1.2 %

Shares of BANR stock traded down $0.74 during mid-day trading on Tuesday, reaching $61.52. 171,250 shares of the company's stock traded hands, compared to its average volume of 212,696. Banner has a 12 month low of $43.63 and a 12 month high of $78.05. The company has a market cap of $2.12 billion, a P/E ratio of 12.61 and a beta of 0.94. 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 $62.99 and its 200-day moving average price is $67.22.

Banner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.12%. Banner's dividend payout ratio (DPR) is 37.72%.

Institutional Investors Weigh In On Banner

Several hedge funds and other institutional investors have recently modified their holdings of BANR. Financial Life Planners purchased a new stake in shares of Banner in the 4th quarter worth $32,000. USA Financial Formulas bought a new position in Banner in the 4th quarter worth $32,000. Opal Wealth Advisors LLC bought a new position in Banner in the 1st quarter worth $34,000. Smartleaf Asset Management LLC boosted its holdings in Banner by 167.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock worth $47,000 after buying an additional 441 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Banner by 53.9% in the 1st quarter. GAMMA Investing LLC now owns 754 shares of the financial services provider's stock worth $48,000 after buying an additional 264 shares during the period. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

Banner Company Profile

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.