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.
Analyst Ratings Changes
Several research firms have recently issued reports on BANR. Janney Montgomery Scott raised shares of Banner from a "neutral" rating to a "buy" rating and set a $68.00 price objective for the company in a research report on Tuesday, June 28th. Piper Sandler raised their price target on shares of Banner to $65.00 in a report on Friday, July 22nd. Raymond James lowered their price target on shares of Banner from $70.00 to $65.00 and set a "strong-buy" rating for the company in a report on Thursday, July 7th. Finally, Stephens raised shares of Banner from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $66.00 to $67.00 in a report on Friday, June 17th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.00.
Banner Price Performance
NASDAQ:BANR opened at $63.77 on Monday. Banner has a 12 month low of $50.02 and a 12 month high of $66.79. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.18 billion, a P/E ratio of 11.51 and a beta of 1.00. The company's fifty day moving average is $59.77.
Banner (NASDAQ:BANR - Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.17. Banner had a net margin of 31.19% and a return on equity of 12.12%. During the same quarter in the prior year, the business posted $1.56 EPS. As a group, analysts anticipate that Banner will post 5.48 EPS for the current year.
Banner Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders 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 dividend on an annualized basis and a yield of 2.76%. Banner's dividend payout ratio (DPR) is 31.77%.