NASDAQ:BANR

Banner - BANR Stock Forecast, Price & News

$70.62

0.00 (0.00%)

(As of 12/2/2022 08:59 PM ET)

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Today's Range: $69.65
▼
$70.92
50-Day Range: $68.75
▼
$74.75
52-Week Range: $52.35
▼
$75.72

Volume: 103,200 shs
Average Volume: 140,937 shs
Market Capitalization: $2.41 billion

P/E Ratio: 12.77
Dividend Yield: 2.49%
Price Target: $68.40

Banner MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 3.1% Downside
$68.40 Price Target
Short Interest: Healthy
2.17% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 14.46%
From $5.60 to $6.41 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Finance Sector

538th out of 891 stocks

State Commercial Banks Industry

114th out of 187 stocks

1.5

Analyst's Opinion

Consensus Rating
Banner has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $68.40, Banner has a forecasted downside of 3.1% from its current price of $70.62.
Amount of Analyst Coverage
Banner has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.17% of the float of Banner has been sold short.
Short Interest Ratio / Days to Cover
Banner has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Banner has recently decreased by 5.98%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Banner pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Banner has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Banner is 31.83%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Banner will have a dividend payout ratio of 27.46% next year. This indicates that Banner will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BANR.

2.4

News and Social Media Coverage

News Sentiment
Banner has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Finance companies.
Search Interest
6 people have searched for BANR on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
3 people have added Banner to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banner insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.46% of the stock of Banner is held by insiders.
Percentage Held by Institutions
85.64% of the stock of Banner is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Banner are expected to grow by 14.46% in the coming year, from $5.60 to $6.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banner is 12.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.83.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banner is 12.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 174.82.
Price to Book Value per Share Ratio
Banner has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Banner (NASDAQ:BANR) Stock

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.

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BANR Stock News Headlines

November 18, 2022 | wsj.com

This Was Supposed to Be a Banner Year for Stock Buybacks. What Happened?

October 25, 2022 | finance.yahoo.com

All You Need to Know About Banner (BANR) Rating Upgrade to Buy

October 20, 2022 | businesswire.com

Banner|Aetna Introduces “Frictionless Billing” for Banner Health Members - Business Wire

October 19, 2022 | finance.yahoo.com

Banner Corporation Reports Net Income of $49.1 Million, or $1.43 Per Diluted Share, for Third Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share - Yahoo Finance

October 19, 2022 | finance.yahoo.com

Banner Corporation Reports Net Income of $49.1 Million, or $1.43 Per Diluted Share, for Third Quarter 2022; Declares Quarterly Cash Dividend of $0.44 Per Share

October 18, 2022 | benzinga.com

Earnings Outlook For Banner - Banner (NASDAQ:BANR) - Benzinga

October 17, 2022 | washingtonpost.com

Jillian Banner named social video producer for the Next Gen politics team - The Washington Post

October 15, 2022 | nypost.com

Irvington High School football team's 9/11 banners upset woke educrat - New York Post

October 14, 2022 | usatoday.com

Avs raise banner, beat Blackhawks 5-2 to start title defense - USA TODAY

October 13, 2022 | usnews.com

Avs Raise Banner, Beat Blackhawks 5-2 to Start Title Defense - U.S. News & World Report

October 13, 2022 | reuters.com

Rare political protest banners removed in Chinese capital - Reuters

October 13, 2022 | ftw.usatoday.com

Former Avalanche Jack Johnson took part in Stanley Cup banner ceremony and NHL fans loved it - For The Win

October 12, 2022 | finance.yahoo.com

Banner Health, Atlas Healthcare Partners open surgery centers dedicated to pain and cardiovascular services - Yahoo Finance

October 11, 2022 | reuters.com

Security, red banners and COVID curbs: Beijing readies for 20th Congress - Reuters

October 10, 2022 | finance.yahoo.com

$11 Billion Worldwide Tele Intensive Care Unit Industry to 2027 - Featuring Banner Health, CLEW Medical, Eagle Telemedicine and Hicuity Health Among Others - Yahoo Finance

October 8, 2022 | usnews.com

England Tops US 2-1, Women Unfurl Banner at Wembley Stadium - U.S. News & World Report

October 4, 2022 | globenewswire.com

Ryan Kavanaugh and Proxima Media Launch New Banner Production Company 'The Quad' in Partnership With Amy Kim and Jaime Burke of Lifeboat Productions - GlobeNewswire

September 30, 2022 | globenewswire.com

Banner Corporation Announces Third Quarter 2022 Conference Call and Webcast - GlobeNewswire

September 30, 2022 | finance.yahoo.com

Banner Corporation Announces Third Quarter 2022 Conference Call and Webcast

September 30, 2022 | wsj.com

Macro Hedge Funds Turn In Banner Year in Volatile Market - WSJ - The Wall Street Journal

September 29, 2022 | businesswire.com

United Natural Foods to Increase Investment in Its Shoppers Banner by Adding Three Store Locations and Remodeling Two Existing Stores - Business Wire

September 28, 2022 | nasdaq.com

Banner (BANR) Shares Cross Below 200 DMA

September 25, 2022 | apnews.com

Chicharito responds to clown banner with 2 goals for Galaxy - The Associated Press - en Español

September 24, 2022 | bizjournals.com

Raleigh law firm comes under new banner after longtime leader retires - The Business Journals

September 21, 2022 | globenewswire.com

Flex Banner Market Growth & Size by 2028 | Shares, Revenue, Future Investment, Cost Analysis | Demand, Trends, Recent Developments, Expansion Plan | Key Players, Types, Applications, Regional Analysis - GlobeNewswire

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30 days | 90 days | 365 days | Advanced Chart

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BANR Company Calendar

Last Earnings: 10/19/2022
Ex-Dividend for 11/10 Dividend: 10/28/2022
Dividend Payable: 11/10/2022
Today: 12/04/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/19/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:BANR
CUSIP: 06652V20
CIK: 946673
Web: www.bannerbank.com
Phone: (509) 527-3636
Fax: 509-526-8898
Employees: 1,935
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $68.40
High Stock Price Forecast: $72.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: -3.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.53
Trailing P/E Ratio: 12.77
Forward P/E Ratio: 12.61
P/E Growth: N/A
Net Income: $201.05 million
Net Margins: 30.78%
Pretax Margin: 37.69%
Return on Equity: 12.29%
Return on Assets: 1.14%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 0.76
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $616.92 million
Price / Sales: 3.91
Cash Flow: $6.79 per share
Price / Cash Flow: 10.40
Book Value: $41.20 per share
Price / Book: 1.71

Miscellaneous

Outstanding Shares: 34,190,000
Free Float: 33,691,000
Market Cap: $2.41 billion
Optionable: Optionable
Beta: 1.00

Social Links

Key Executives

Mr. Mark J. Grescovich (Age 58)
Pres, CEO & Director
Comp: $1.63M

Mr. Peter J. Conner (Age 56)
Exec. VP, CFO & Treasurer
Comp: $697.31k

Ms. Cynthia D. Purcell (Age 65)
Exec. VP and Chief Strategy & Admin. Officer
Comp: $607.4k

Mr. M. Kirk Quillin (Age 59)
Exec. VP & Chief Commercial Officer
Comp: $541.89k

Mr. James P. G. McLean (Age 57)
Exec. VP of Commercial Real Estate Lending Division
Comp: $521.4k

Mr. Rich Arnold
Head of Investor Relations

Ms. Sherrey Luetjen (Age 50)
Exec. VP, Gen. Counsel, Ethics Officer & Sec.

Mr. Keith A. Western (Age 66)
Exec. VP of Commercial Banking of South of Banner Bank

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BANR Stock - Frequently Asked Questions

Should I buy or sell Banner stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banner in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BANR shares.
View BANR analyst ratings or view top-rated stocks.
What is Banner's stock price forecast for 2023?: 3 Wall Street research analysts have issued 12 month price objectives for Banner's stock. Their BANR share price forecasts range from $65.00 to $72.00. On average, they predict the company's share price to reach $68.40 in the next year. This suggests that the stock has a possible downside of 3.1%.
View analysts price targets for BANR or view top-rated stocks among Wall Street analysts.
How have BANR shares performed in 2022?: Banner's stock was trading at $56.58 on January 1st, 2022. Since then, BANR shares have increased by 24.8% and is now trading at $70.62.
View the best growth stocks for 2022 here.
When is Banner's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
View our BANR earnings forecast.
How were Banner's earnings last quarter?: Banner Co. (NASDAQ:BANR) posted its quarterly earnings results on Wednesday, October, 19th. The financial services provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The financial services provider had revenue of $162.03 million for the quarter, compared to analysts' expectations of $155.05 million. Banner had a net margin of 30.78% and a trailing twelve-month return on equity of 12.29%.
How often does Banner pay dividends? What is the dividend yield for Banner?: Banner declared a quarterly dividend on Wednesday, October 19th. Shareholders of record on Monday, October 31st will be given a dividend of $0.44 per share on Thursday, November 10th. This represents a $1.76 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, October 28th.
Read our dividend analysis for BANR.

Is Banner a good dividend stock?: Banner (NASDAQ:BANR) pays an annual dividend of $1.76 per share and currently has a dividend yield of 2.49%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BANR will have a dividend payout ratio of 27.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BANR.
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), Apollo Commercial Real Estate Finance (ARI), Graham (GHM) and NextEra Energy Partners (NEP).
What is Banner's stock symbol?: Banner trades on the NASDAQ under the ticker symbol "BANR."
Who are Banner's major shareholders?: Banner's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.67%), Vanguard Group Inc. (11.71%), Dimensional Fund Advisors LP (6.82%), State Street Corp (4.70%), Channing Capital Management LLC (3.41%) and Nuveen Asset Management LLC (2.73%). Insiders that own company stock include David I Matson, David I Matson, James PG Mclean, James PG Mclean, John R Layman, John R Layman, Kenneth William Johnson, Kenneth William Johnson, Kevin F Riordan, Kevin F Riordan, Peter Conner, Peter Conner, Roberto R Herencia, Roberto R Herencia, Steven W Rust and Steven W Rust.
View institutional ownership trends.
How do I buy shares of Banner?: Shares of BANR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Banner's stock price today?: One share of BANR stock can currently be purchased for approximately $70.62.
How much money does Banner make?: Banner (NASDAQ:BANR) has a market capitalization of $2.41 billion and generates $616.92 million in revenue each year. The financial services provider earns $201.05 million in net income (profit) each year or $5.53 on an earnings per share basis.
How many employees does Banner have?: The company employs 1,935 workers across the globe.
How can I contact Banner?: Banner's mailing address is 10 S FIRST AVENUE, WALLA WALLA WA, 99362. The official website for the company is www.bannerbank.com. The financial services provider can be reached via phone at (509) 527-3636, via email at rich.arnold@bannerbank.com, or via fax at 509-526-8898.

This page (NASDAQ:BANR) was last updated on 12/4/2022 by MarketBeat.com Staff

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