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 Trading Up 0.4 %

Shares of NASDAQ:BANR opened at $64.03 on Tuesday. The company's 50 day simple moving average is $60.04 and its 200 day simple moving average is $57.50. Banner has a fifty-two week low of $50.02 and a fifty-two week high of $66.79. The firm has a market capitalization of $2.19 billion, a P/E ratio of 11.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76.

Banner (NASDAQ:BANR - Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company earned $1.56 EPS. On average, analysts predict that Banner will post 5.48 EPS for the current year.

Banner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Tuesday, August 2nd were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, August 1st. This represents a $1.76 annualized dividend and a yield of 2.75%. Banner's dividend payout ratio (DPR) is presently 31.77%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James lowered their target price on shares of Banner from $70.00 to $65.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 7th. Piper Sandler upped their target price on shares of Banner to $65.00 in a research note on Friday, July 22nd. Janney Montgomery Scott raised shares of Banner from a "neutral" rating to a "buy" rating and set a $68.00 target price on the stock in a research note on Tuesday, June 28th. Finally, Stephens raised shares of Banner from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $66.00 to $67.00 in a research note on Friday, June 17th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Banner has an average rating of "Moderate Buy" and an average target price of $65.00.