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About Banner (NASDAQ:BANR)
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which 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. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and consumer 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 of December 31, 2017, the company operated 178 branch offices, including 175 Banner Bank branches and 3 Islanders Bank branches located in Washington, Oregon, California, and Idaho. It also operates 13 Banner Bank loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is based in Walla Walla, Washington.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:BANR
CUSIP06652V20
Phone509-527-3636
Debt
Debt-to-Equity Ratio0.32
Current Ratio0.92
Quick Ratio0.90
Price-To-Earnings
Trailing P/E Ratio20.10
Forward P/E Ratio17.12
P/E Growth1.71
Sales & Book Value
Annual Sales$505.82 million
Price / Sales3.84
Cash Flow$3.6752 per share
Price / Cash16.35
Book Value$38.79 per share
Price / Book1.55
Profitability
EPS (Most Recent Fiscal Year)$2.99
Net Income$60.77 million
Net Margins12.85%
Return on Equity8.00%
Return on Assets1.01%
Miscellaneous
Employees2,128
Outstanding Shares32,330,000
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 Thursday, March 29th. Investors of record on Tuesday, April 10th will be paid a dividend of $0.35 per share on Thursday, April 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, April 9th. This is a boost from Banner's previous quarterly dividend of $0.25. View Banner's Dividend History.
How will Banner's stock buyback program work?
Banner declared that its board has approved a stock buyback program on Thursday, March 29th 2018, which authorizes the company to repurchase 1,620,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
How were Banner's earnings last quarter?
Banner Co. (NASDAQ:BANR) posted its quarterly earnings results on Monday, April, 23rd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The financial services provider earned $118.74 million during the quarter, compared to the consensus estimate of $118.23 million. Banner had a return on equity of 8.00% and a net margin of 12.85%. 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 1 year price objectives for Banner's stock. Their predictions range from $58.00 to $60.00. On average, they expect Banner's share price to reach $58.6667 in the next year. View Analyst Ratings for Banner.
Who are some of Banner's key competitors?
Some companies that are related to Banner include Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Bank of the Ozarks (OZRK), First Citizens BancShares (FCNCA), Wintrust Financial (WTFC), Prosperity Bancshares (PB), Texas Capital Bancshares (TCBI), Popular (BPOP), Associated Banc (ASB), Iberiabank (IBKC), Hancock (HBHC), Chemical Bank (CHFC), Investors Bank (ISBC) and Home BancShares (HOMB).
Who are Banner's key executives?
Banner's management team includes the folowing people:
- Mr. Mark J. Grescovich, Pres, CEO & Director (Age 54)
- Mr. Lloyd W. Baker, Exec. VP & CFO (Age 70)
- Ms. Cynthia D. Purcell, Exec. VP of Retail Banking & Admin. - Banner Bank (Age 61)
- Mr. Keith A. Western, Exec. VP of California & Southern Oregon Commercial Banking - Banner Bank (Age 62)
- Mr. Richard B. Barton, Exec. VP & Chief Credit Officer of Banner Bank (Age 75)
Has Banner been receiving favorable news coverage?
Media coverage about BANR stock has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Banner earned a coverage optimism score of 0.18 on Accern's scale. They also gave news articles about the financial services provider an impact score of 45.47 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Banner's major shareholders?
Banner's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.83%), Dimensional Fund Advisors LP (7.29%), BANK OF NEW YORK MELLON CORP (3.73%), Nuveen Asset Management LLC (2.58%), Victory Capital Management Inc. (1.79%) and JPMorgan Chase & Co. (1.70%). Company insiders that own Banner stock include Cynthia D Purcell, D Michael Jones, David I Matson, Douglas M Bennett, Gary Sirmon, Jesse G Foster, John R Layman, Keith A Western, Kenneth A Larsen, Peter Conner, Richard B Barton, Robert D Adams, Spencer C Fleischer 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 BlackRock Inc., RMB Capital Management LLC, PNC Financial Services Group Inc., Citadel Advisors LLC, Victory Capital Management Inc., Millennium Management LLC, BNP Paribas Arbitrage SA and Hennessy Advisors Inc.. Company insiders that have sold Banner company stock in the last year include Cynthia D Purcell, Gary Sirmon, Kenneth A Larsen, Richard B Barton and Steven W Rust. View Insider Buying and Selling for Banner.
Which major investors are buying Banner stock?
BANR stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Dimensional Fund Advisors LP, Russell Investments Group Ltd., The Manufacturers Life Insurance Company , Jacobs Asset Management LLC, FSI Group LLC, Nuveen Asset Management LLC and Hsbc Holdings PLC. 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, Scottrade, Fidelity and Charles Schwab.
What is Banner's stock price today?
One share of BANR stock can currently be purchased for approximately $60.09.
How big of a company is Banner?
Banner has a market capitalization of $1.93 billion and generates $505.82 million in revenue each year. The financial services provider earns $60.77 million in net income (profit) each year or $2.99 on an earnings per share basis. Banner employs 2,128 workers across the globe.
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 (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.
Banner (NASDAQ:BANR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Banner in the last 12 months. Their average twelve-month price target is $58.6667, suggesting that the stock has a possible downside of 2.37%. The high price target for BANR is $60.00 and the low price target for BANR is $58.00. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.20 | 2.20 | 2.20 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $58.6667 | $58.6667 | $58.6667 | $59.50 |
| Price Target Upside: | 2.37% downside | 0.96% upside | 6.05% upside | 2.39% upside |
Banner (NASDAQ:BANR) Consensus Price Target History
Banner (NASDAQ:BANR) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Banner (NASDAQ:BANR) Dividend Information
Banner pays an annual dividend of $1.40 per share, with a dividend yield of 2.33%. BANR's most recent quarterly dividend payment was Thursday, April 19. Banner pays out 46.82% of its earnings out as a dividend.
| Most Recent Dividend: | 4/19/2018 |
| Annual Dividend: | $1.40 |
| Dividend Yield: | 2.33% |
| Payout Ratio(s): | 46.82% (Trailing 12 Months of Earnings)
39.89% (Based on This Year's Estimates)
36.46% (Based on Next Year's Estimates)
38.09% (Based on Cash Flow)
|
Banner (NASDAQ:BANR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/29/2018 | quarterly | $0.35 | 2.52% | 4/9/2018 | 4/10/2018 | 4/19/2018 |
| 12/19/2017 | Quarterly | $0.25 | 1.75% | 1/8/2018 | 1/9/2018 | 1/18/2018 |
| 9/27/2017 | Quarterly | $0.25 | 1.66% | 10/6/2017 | 10/10/2017 | 10/18/2017 |
| 6/28/2017 | quarterly | $1.25 | 1.75% | 7/6/2017 | 7/10/2017 | 7/18/2017 |
| 3/30/2017 | quarterly | $0.25 | 1.78% | 4/6/2017 | 4/10/2017 | 4/19/2017 |
| 12/19/2016 | quarterly | $0.23 | 1.7% | 1/5/2017 | 1/9/2017 | 1/18/2017 |
| 9/28/2016 | Quarterly | $0.23 | 2.11% | 10/5/2016 | 10/10/2016 | 10/19/2016 |
| 6/30/2016 | quarterly | $0.21 | 1.97% | 7/7/2016 | 7/11/2016 | 7/20/2016 |
| 3/31/2016 | quarterly | $0.21 | 2% | 4/7/2016 | 4/11/2016 | 4/20/2016 |
| 12/17/2015 | quarterly | $0.18 | 1.54% | 12/31/2015 | 1/5/2016 | 1/14/2016 |
| 9/24/2015 | quarterly | $0.18 | 1.56% | 10/1/2015 | 10/5/2015 | 10/15/2015 |
| 6/25/2015 | quarterly | $0.18 | 1.47% | 7/6/2015 | 7/8/2015 | 7/15/2015 |
| 3/26/2015 | quarterly | $0.18 | 1.58% | 4/1/2015 | 4/6/2015 | 4/15/2015 |
| 12/18/2014 | quarterly | $0.18 | 1.68% | 12/30/2014 | 1/2/2015 | 1/13/2015 |
| 9/24/2014 | quarterly | $0.18 | 1.87% | 10/2/2014 | 10/6/2014 | 10/15/2014 |
| 6/25/2014 | quarterly | $0.18 | 1.82% | 7/2/2014 | 7/7/2014 | 7/15/2014 |
| 3/26/2014 | quarterly | $0.18 | 1.77% | 4/3/2014 | 4/7/2014 | 4/15/2014 |
| 12/18/2013 | quarterly | $0.15 | 1.4% | 12/31/2013 | 1/3/2014 | 1/13/2014 |
| 9/26/2013 | quarterly | $0.15 | 1.59% | 10/3/2013 | 10/7/2013 | 10/16/2013 |
| 6/26/2013 | quarterly | $0.12 | 1.42% | 7/2/2013 | 7/5/2013 | 7/15/2013 |
| 3/27/2013 | quarterly | $0.12 | 1.51% | 4/3/2013 | 4/5/2013 | 4/15/2013 |
| 12/19/2012 | quarterly | $0.01 | 0.13% | 1/2/2013 | 1/4/2013 | 1/14/2013 |
(Data available from 1/1/2013 forward)
Banner (NASDAQ BANR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.71%
Institutional Ownership Percentage: 92.37%
Banner (NASDAQ BANR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/27/2018 | Steven W. Rust | VP | Sell | 511 | $57.82 | $29,546.02 | |  |
| 3/12/2018 | Steven W. Rust | VP | Sell | 412 | $57.66 | $23,755.92 | | |
| 3/8/2018 | Kenneth A. Larsen | VP | Sell | 884 | $57.53 | $50,856.52 | | |
| 2/5/2018 | Cynthia D. Purcell | VP | Sell | 841 | $54.67 | $45,977.47 | | |
| 11/30/2017 | Steven W Rust | VP | Sell | 269 | $58.05 | $15,615.45 | | |
| 11/14/2017 | Steven W. Rust | VP | Sell | 82 | $55.27 | $4,532.14 | | |
| 9/18/2017 | Gary Sirmon | Director | Sell | 3,335 | $57.49 | $191,729.15 | | |
| 9/14/2017 | Richard B. Barton | VP | Sell | 250 | $56.65 | $14,162.50 | | |
| 8/31/2017 | Cynthia D. Purcell | VP | Sell | 1,007 | $55.61 | $55,999.27 | | |
| 8/17/2017 | Gary Sirmon | Director | Sell | 3,333 | $55.46 | $184,848.18 | | |
| 7/18/2017 | Gary Sirmon | Director | Sell | 3,333 | $55.46 | $184,848.18 | | |
| 6/19/2017 | Gary Sirmon | Director | Sell | 3,333 | $56.77 | $189,214.41 | | |
| 5/25/2017 | Robert D. Adams | Director | Sell | 339 | $54.24 | $18,387.36 | | |
| 4/27/2017 | Douglas M. Bennett | VP | Sell | 889 | $57.00 | $50,673.00 | | |
| 4/27/2017 | John R. Layman | Director | Sell | 1,800 | $57.11 | $102,798.00 | | |
| 4/20/2017 | Gary Sirmon | Director | Sell | 3,333 | $55.00 | $183,315.00 | | |
| 3/16/2017 | D Michael Jones | Director | Sell | 1,418 | $58.04 | $82,300.72 | | |
| 3/15/2017 | D Michael Jones | Director | Sell | 1,399 | $57.58 | $80,554.42 | | |
| 2/27/2017 | Jesse G. Foster | Director | Sell | 3,000 | $59.08 | $177,240.00 | | |
| 2/17/2017 | Cynthia D. Purcell | VP | Sell | 165 | $58.16 | $9,596.40 | | |
| 2/1/2017 | Richard B. Barton | VP | Sell | 2,429 | $56.32 | $136,801.28 | | |
| 1/30/2017 | D Michael Jones | Director | Sell | 10,000 | $55.92 | $559,200.00 | | |
| 1/30/2017 | Keith A Western | VP | Sell | 8,000 | $56.17 | $449,360.00 | 19,757 | |
| 12/15/2016 | Peter Conner | VP | Sell | 15,000 | $53.11 | $796,650.00 | 30,563 | |
| 12/14/2016 | Steven W. Rust | VP | Sell | 400 | $52.67 | $21,068.00 | | |
| 12/12/2016 | Cynthia D. Purcell | VP | Sell | 285 | $52.73 | $15,028.05 | | |
| 12/8/2016 | Steven W. Rust | VP | Sell | 403 | $53.35 | $21,500.05 | | |
| 12/6/2016 | David I Matson | Director | Sell | 2,322 | $53.00 | $123,066.00 | 697 | |
| 12/6/2016 | Douglas M. Bennett | VP | Sell | 2,233 | $52.94 | $118,215.02 | | |
| 11/28/2016 | Keith A Western | VP | Sell | 8,000 | $51.94 | $415,520.00 | 26,757 | |
| 11/18/2016 | Spencer C Fleischer | Director | Sell | 720,000 | $48.32 | $34,790,400.00 | | |
| 11/11/2016 | Kenneth A. Larsen | Insider | Sell | 848 | $47.07 | $39,915.36 | | |
| 11/4/2016 | Spencer C Fleischer | Director | Sell | 905,000 | $43.24 | $39,132,200.00 | | |
| 9/15/2016 | Cynthia D. Purcell | Insider | Sell | 400 | $43.25 | $17,300.00 | | |
| 9/1/2016 | Steven W. Rust | VP | Sell | 401 | $43.60 | $17,483.60 | | |
| 5/5/2016 | Douglas M Bennett | VP | Sell | 1,386 | $41.78 | $57,907.08 | 11,059 | |
| 3/8/2016 | Steven W Rust | VP | Sell | 304 | $42.02 | $12,774.08 | 8,510 | |
| 12/2/2015 | Robert D Adams | Director | Sell | 1,137 | $52.08 | $59,214.96 | 20,165 | |
(Data available from 1/1/2013 forward)
Banner (NASDAQ BANR) News Headlines
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Banner (NASDAQ:BANR) SEC Filings
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Banner (NASDAQ:BANR) Income Statement, Balance Sheet and Cash Flow Statement
Banner (NASDAQ BANR) Stock Chart for Sunday, May, 27, 2018
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