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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone509-527-3636
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$544.70 million
Profitability
Miscellaneous
Employees2,187
Next Earnings Date10/23/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Wednesday, June 26th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.41 per share on Thursday, July 18th. This represents a $1.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Monday, July 8th. View Banner's Dividend History.
How will Banner's stock buyback program work?
Banner declared that its Board of Directors has authorized a stock buyback program 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 programs are generally an indication that the company's board of directors believes its shares are undervalued.
How were Banner's earnings last quarter?
Banner Co. (NASDAQ:BANR) posted its quarterly earnings data on Wednesday, July, 24th. The financial services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.09. The financial services provider had revenue of $137.37 million for the quarter, compared to the consensus estimate of $137.47 million. Banner had a net margin of 25.14% and a return on equity of 10.43%. View Banner's Earnings History.
When is Banner's next earnings date?
What price target have analysts set for BANR?
5 equities research analysts have issued 12-month price targets for Banner's shares. Their predictions range from $56.00 to $62.00. On average, they anticipate Banner's share price to reach $60.00 in the next year. This suggests a possible upside of 5.4% from the stock's current price. View Analyst Price Targets for Banner.
What is the consensus analysts' recommendation for Banner?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banner in the last year. There are currently 2 hold ratings and 3 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. " (9/9/2019)
- 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 coverage about BANR stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Banner earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Banner.
Who are some of Banner's key competitors?
Some companies that are related to Banner include Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), First Citizens BancShares (FCNCA), Popular (BPOP), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), Wintrust Financial (WTFC), Bank Ozk (OZK), First Hawaiian (FHB), Bank of Hawaii (BOH) and Glacier Bancorp (GBCI).
What other stocks do shareholders of Banner own?
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 retail and institutional investors. Top institutional investors include BlackRock Inc. (15.15%), BlackRock Inc. (15.15%), Vanguard Group Inc. (9.87%), Nuveen Asset Management LLC (2.81%), Bank of New York Mellon Corp (2.56%) and Citadel Advisors LLC (1.72%). 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 institutional investors are selling Banner stock?
BANR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Phocas Financial Corp., Phocas Financial Corp., Man Group plc, Bessemer Group Inc., Renaissance Technologies LLC, Russell Investments Group Ltd. and Rice Hall James & Associates LLC. 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, Peter Conner and Steven W Rust. View Insider Buying and Selling for Banner.
Which institutional investors are buying Banner stock?
BANR stock was acquired by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, BlackRock Inc., BlackRock Inc., UBS Group AG, Nuveen Asset Management LLC, Morgan Stanley, Wells Fargo & Company MN and Northern Trust Corp. 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 $56.91.
How big of a company is Banner?
Banner has a market capitalization of $1.97 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?
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)
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.
