Banner Co. (NASDAQ:BANR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Banner Co. (NASDAQ:BANR - Get Free Report) have received an average recommendation of "Moderate Buy" from the five research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $51.20.

A number of research analysts recently issued reports on BANR shares. DA Davidson decreased their price target on shares of Banner from $50.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods decreased their price target on Banner from $58.00 to $54.00 and set a "market perform" rating for the company in a report on Monday, January 22nd. Piper Sandler decreased their target price on Banner from $54.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. StockNews.com upgraded shares of Banner from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Stephens cut their target price on Banner from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Friday, April 19th.

Banner Trading Up 0.3 %

BANR traded up $0.15 during trading hours on Tuesday, reaching $46.82. The company's stock had a trading volume of 81,798 shares, compared to its average volume of 190,103. The business's 50-day moving average is $45.74 and its 200-day moving average is $46.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $1.61 billion, a PE ratio of 9.70 and a beta of 1.04. Banner has a fifty-two week low of $39.31 and a fifty-two week high of $55.66.

Banner (NASDAQ:BANR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. The business had revenue of $144.55 million during the quarter, compared to analysts' expectations of $150.67 million. Banner had a net margin of 21.62% and a return on equity of 11.47%. As a group, equities research analysts predict that Banner will post 4.72 earnings per share for the current fiscal year.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, April 29th. Banner's payout ratio is currently 39.92%.

Hedge Funds Weigh In On Banner

Several institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC raised its holdings in Banner by 100.9% during the first quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider's stock worth $53,000 after purchasing an additional 558 shares in the last quarter. Stieven Capital Advisors L.P. raised its stake in shares of Banner by 35.5% during the 1st quarter. Stieven Capital Advisors L.P. now owns 197,556 shares of the financial services provider's stock worth $9,483,000 after buying an additional 51,800 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Banner by 4.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,517 shares of the financial services provider's stock valued at $1,897,000 after buying an additional 1,695 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Banner in the first quarter valued at approximately $4,931,000. Finally, Entropy Technologies LP acquired a new position in Banner during the first quarter worth $247,000. 87.33% of the stock is owned by institutional investors and hedge funds.

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.