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 1.2 %

BANR traded up $0.73 during trading on Friday, reaching $60.93. The company had a trading volume of 130,200 shares, compared to its average volume of 139,351. 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 has a 52 week low of $50.02 and a 52 week 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 business has a 50 day simple moving average of $58.89 and a 200-day simple moving average of $56.86.

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

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Tuesday, August 2nd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, August 1st. Banner's dividend payout ratio (DPR) is presently 31.77%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Raymond James lowered their price target on shares of Banner from $70.00 to $65.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 7th. Piper Sandler lifted their price objective on Banner to $65.00 in a research note on Friday, July 22nd. Stephens raised shares of Banner from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $66.00 to $67.00 in a report on Friday, June 17th. Finally, Janney Montgomery Scott raised shares of Banner from a "neutral" rating to a "buy" rating and set a $68.00 price target on the stock 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.00.