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.

Banner Price Performance

Banner stock traded up $0.01 during midday trading on Monday, reaching $60.94. 112,500 shares of the stock traded hands, compared to its average volume of 176,001. The stock's fifty day moving average is $59.01 and its 200-day moving average is $56.97. Banner has a 12 month low of $50.02 and a 12 month high of $66.79. The stock has a market cap of $2.09 billion, a P/E ratio of 11.00 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27.

Banner (NASDAQ:BANR - Get Rating) last announced its quarterly earnings results 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 return on equity of 12.12% and a net margin of 31.19%. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, equities research analysts anticipate that Banner will post 5.48 EPS for the current year.

Banner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Tuesday, August 2nd will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Monday, August 1st. Banner's payout ratio is presently 31.77%.

Wall Street Analysts Forecast Growth

BANR has been the subject of a number of recent analyst reports. Raymond James dropped their price objective on Banner from $70.00 to $65.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 7th. Stephens raised Banner from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $66.00 to $67.00 in a research note on Friday, June 17th. Piper Sandler upped their price objective on Banner to $65.00 in a research note on Friday, July 22nd. Finally, Janney Montgomery Scott raised Banner from a "neutral" rating to a "buy" rating and set a $68.00 price objective for the company in a research note on Tuesday, June 28th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.