Banner - BANR Stock Forecast, Price & News

Banner Corporation operates as the bank holding company for Banner Bank that provide 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. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and consumer and other loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans, as well as small business administration loans. Further, the company provides electronic and digital banking services. As of December 31, 2021, it operated 150 branch offices and 18 loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.

Analysts Set New Price Targets

A number of analysts have weighed in on BANR shares. Raymond James reduced their price target on Banner from $70.00 to $65.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 7th. Piper Sandler boosted their price target on Banner to $65.00 in a research report on Friday, July 22nd. Janney Montgomery Scott raised Banner from a "neutral" rating to a "buy" rating and set a $68.00 price target for the company in a research report on Tuesday, June 28th. Finally, Stephens raised Banner from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $66.00 to $67.00 in a research report on Friday, June 17th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $65.00.

Banner Stock Performance

Shares of NASDAQ:BANR traded up $0.52 during trading hours on Tuesday, hitting $64.55. 90,800 shares of the company's stock were exchanged, compared to its average volume of 173,194. Banner has a 1-year low of $50.02 and a 1-year high of $66.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 11.65 and a beta of 1.00. The company's 50-day moving average price is $60.34 and its 200-day moving average price is $57.60.

Banner (NASDAQ:BANR - Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.17. Banner had a return on equity of 12.12% and a net margin of 31.19%. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, sell-side analysts expect that Banner will post 5.48 earnings per share for the current fiscal year.

Banner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Tuesday, August 2nd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, August 1st. This represents a $1.76 annualized dividend and a yield of 2.73%. Banner's dividend payout ratio is 31.77%.