What is DA Davidson's Forecast for Banner FY2025 Earnings?

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Banner Corporation to $5.70, an increase from the previous estimate of $5.50, while maintaining a "Neutral" rating and a price target of $69.00.
• Banner's most recent quarterly earnings report showed an EPS of $1.52, exceeding analyst expectations, although revenue fell short of estimates at $168.75 million.
• The company has announced a quarterly dividend increase to $0.50, reflecting confidence in its financial stability, with a current dividend yield of 3.2%.

Banner Corporation (NASDAQ:BANR - Free Report) - Equities researchers at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Banner in a research note issued on Friday, October 17th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $5.70 per share for the year, up from their prior estimate of $5.50. DA Davidson has a "Neutral" rating and a $69.00 price objective on the stock. The consensus estimate for Banner's current full-year earnings is $5.23 per share.

Banner (NASDAQ:BANR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. The company had revenue of $168.75 million for the quarter, compared to analyst estimates of $171.52 million. Banner had a return on equity of 10.32% and a net margin of 21.80%.

Several other equities analysts have also issued reports on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Banner in a research note on Wednesday, October 8th. Wall Street Zen raised Banner from a "sell" rating to a "hold" rating in a research note on Saturday. Raymond James Financial reaffirmed an "outperform" rating and set a $70.00 price target (down previously from $72.00) on shares of Banner in a research note on Friday. Finally, Keefe, Bruyette & Woods upped their price target on Banner from $73.00 to $74.00 and gave the company a "market perform" rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.40.

Banner Price Performance

Banner stock opened at $61.75 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. Banner has a 52 week low of $54.01 and a 52 week high of $78.05. The firm has a market cap of $2.14 billion, a P/E ratio of 11.25 and a beta of 0.91. The business's fifty day moving average is $65.23 and its two-hundred day moving average is $63.75.

Institutional Investors Weigh In On Banner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BANR. Harbor Capital Advisors Inc. raised its holdings in Banner by 1.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,291 shares of the financial services provider's stock valued at $871,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC raised its holdings in Banner by 19.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,137 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 185 shares in the last quarter. US Bancorp DE raised its holdings in Banner by 13.1% in the 1st quarter. US Bancorp DE now owns 1,978 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 229 shares in the last quarter. HighTower Advisors LLC raised its holdings in Banner by 5.0% in the 1st quarter. HighTower Advisors LLC now owns 4,808 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 230 shares in the last quarter. Finally, F m Investments LLC raised its holdings in Banner by 0.3% in the 2nd quarter. F m Investments LLC now owns 83,512 shares of the financial services provider's stock valued at $5,357,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 87.33% of the company's stock.

Banner Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Tuesday, November 4th will be issued a $0.50 dividend. This is a boost from Banner's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, November 4th. Banner's dividend payout ratio is currently 34.97%.

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.

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