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Banner Stock Price, Forecast & Analysis (NASDAQ:BANR)

$53.60
-0.28 (-0.52 %)
(As of 11/22/2019 03:26 AM ET)
Today's Range
$53.42
Now: $53.60
$54.18
50-Day Range
$52.20
MA: $54.97
$57.07
52-Week Range
$48.50
Now: $53.60
$64.20
Volume140,400 shs
Average Volume177,231 shs
Market Capitalization$1.83 billion
P/E Ratio13.11
Dividend Yield3.04%
Beta0.81
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:BANR
CUSIP06652V20
Phone509-527-3636

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$544.70 million
Cash Flow$4.64 per share
Book Value$45.74 per share

Profitability

Net Income$136.51 million

Miscellaneous

Employees2,187
Market Cap$1.83 billion
Next Earnings Date1/22/2020 (Estimated)
OptionableOptionable

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Banner (NASDAQ:BANR) Frequently Asked Questions

What is Banner's stock symbol?

Banner trades on the NASDAQ under the ticker symbol "BANR."

How often does Banner pay dividends? What is the dividend yield for Banner?

Banner declared a quarterly dividend on Wednesday, September 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.41 per share on Friday, October 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, October 8th. View Banner's Dividend History.

How will Banner's stock buyback program work?

Banner declared that its Board of Directors has approved a share buyback plan on Thursday, March 29th 2018, which allows the company to repurchase 1,620,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

How were Banner's earnings last quarter?

Banner Co. (NASDAQ:BANR) announced its quarterly earnings data on Wednesday, October, 23rd. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.10. The financial services provider had revenue of $137.49 million for the quarter, compared to analyst estimates of $136.12 million. Banner had a return on equity of 10.08% and a net margin of 24.84%. View Banner's Earnings History.

When is Banner's next earnings date?

Banner is scheduled to release their next quarterly earnings announcement on Wednesday, January 22nd 2020. View Earnings Estimates for Banner.

What price target have analysts set for BANR?

3 equities research analysts have issued 1 year price objectives for Banner's shares. Their forecasts range from $56.00 to $62.00. On average, they expect Banner's share price to reach $59.00 in the next year. This suggests a possible upside of 10.1% from the stock's current price. View Analyst Price Targets for Banner.

What is the consensus analysts' recommendation for Banner?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banner in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Banner.

What are Wall Street analysts saying about Banner stock?

Here are some recent quotes from research analysts about Banner stock:
  • 1. According to Zacks Investment Research, "Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. " (11/6/2019)
  • 2. Stephens analysts commented, "We are EW. KEY POINTS: M&A Announcement. BANR announced the acquisition of AltaPacific Bancorp ($436 mil. assets) for 1.68x TBV. AltaPacific hosts an impressive 41% NIB deposit base (<0% deposit beta cycle-to-date), is expected to generate ~1.8% in 2020/2021 EPS accretion with a <3 year earn-back, inclusive of a 45% cost save assumption. Positives. Fees were strong at $22.8 mil. (vs. our $19.5 mil. and Street's $19.6 mil.). Core NIM of 4.31% beat our 4.30%, as deposit cost pressure was muted (+2 bps vs. our +4 bps) and core loan yields expanded 2 bps (vs. our flat). LLP beat drove $0.02 vs. Street. Negatives. HFI loan growth of 2.5% LQA was below our 8.8%, as HFS balances increased +272% q/q. NII of $116.7 mil. was a modest miss vs. our $117.0 mil. and Street's $117.2 mil., with core NII of $114.8 mil. (vs. our $115.3 mil.)."" (7/25/2019)

Has Banner been receiving favorable news coverage?

Media headlines about BANR stock have been trending neutral this week, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Banner earned a media sentiment score of 0.1 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Banner.

Are investors shorting Banner?

Banner saw a decrease in short interest in October. As of October 15th, there was short interest totalling 469,900 shares, a decrease of 25.9% from the September 15th total of 634,300 shares. Based on an average daily volume of 177,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.4% of the company's stock are sold short. View Banner's Current Options Chain.

Who are some of Banner's key competitors?

What other stocks do shareholders of Banner own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Banner investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Graham (GHM), ALJ Regional (ALJJ) and Allergan (AGN).

Who are Banner's key executives?

Banner's management team includes the folowing people:
  • Mr. Mark J. Grescovich, Pres, CEO & Director (Age 55)
  • Mr. Peter J. Conner, Exec. VP, CFO & Treasurer (Age 53)
  • Ms. Cynthia D. Purcell, Exec. VP of Retail Banking & Admin. of Banner Bank (Age 62)
  • Mr. Richard B. Barton, Exec. VP & Chief Credit Officer of Banner Bank (Age 76)
  • Mr. Keith A. Western, Exec. VP of Commercial Banking of South (Age 63)

Who are Banner's major shareholders?

Banner's stock is owned by many different of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.95%), Rice Hall James & Associates LLC (0.60%), Monarch Partners Asset Management LLC (0.45%), Rhumbline Advisers (0.33%), First Trust Advisors LP (0.26%) and California Public Employees Retirement System (0.25%). Company insiders that own Banner stock include Brent A Orrico, Cheryl R Bishop, Cynthia D Purcell, John R Layman, Kenneth A Larsen, Kevin F Riordan, Peter Conner and Steven W Rust. View Institutional Ownership Trends for Banner.

Which major investors are selling Banner stock?

BANR stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Rice Hall James & Associates LLC, Merriman Wealth Management LLC, FSI Group LLC, Alps Advisors Inc., Municipal Employees Retirement System of Michigan, Meeder Asset Management Inc. and D.A. Davidson & CO.. Company insiders that have sold Banner company stock in the last year include Brent A Orrico, Cheryl R Bishop, Cynthia D Purcell, John R Layman and Steven W Rust. View Insider Buying and Selling for Banner.

Which major investors are buying Banner stock?

BANR stock was acquired by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, California Public Employees Retirement System, State of Alaska Department of Revenue, State of Tennessee Treasury Department, Rhumbline Advisers, SG Americas Securities LLC, Janney Montgomery Scott LLC and First Trust Advisors LP. View Insider Buying and Selling for Banner.

How do I buy shares of Banner?

Shares of BANR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Banner's stock price today?

One share of BANR stock can currently be purchased for approximately $53.60.

How big of a company is Banner?

Banner has a market capitalization of $1.83 billion and generates $544.70 million in revenue each year. The financial services provider earns $136.51 million in net income (profit) each year or $4.09 on an earnings per share basis. Banner employs 2,187 workers across the globe.View Additional Information About Banner.

What is Banner's official website?

The official website for Banner is http://www.bannerbank.com/.

How can I contact Banner?

Banner's mailing address is 10 S FIRST AVENUE, WALLA WALLA WA, 99362. The financial services provider can be reached via phone at 509-527-3636 or via email at [email protected]


MarketBeat Community Rating for Banner (NASDAQ BANR)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  268 (Vote Outperform)
Underperform Votes:  342 (Vote Underperform)
Total Votes:  610
MarketBeat's community ratings are surveys of what our community members think about Banner and other stocks. Vote "Outperform" if you believe BANR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BANR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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