NASDAQ:BANRBanner Stock Price, Forecast & News

$37.41

-0.15 (-0.40 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$37.07

Now: $37.41▼

$38.30

50-Day Range

$29.74

MA: $34.46▼

$40.81

52-Week Range

$27.12

Now: $37.41▼

$60.21

Volume280,376 shs

Average Volume249,934 shs

Market Capitalization$1.32 billion

P/E Ratio10.08

Dividend Yield4.37%

Beta1.13

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that 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 loans; 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. Further, the company provides electronic and digital banking services. As of December 31, 2018, it operated 182 branch offices, including 179 Banner Bank branches and 3 Islanders Bank branches located in Washington, Oregon, California, and Idaho. It also operates 17 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.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Banner has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Banner has a potential upside of 12.3% from its current price of $37.41.
Amount of Analyst Coverage
Banner has only been the subject of 2 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Banner has received 297 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Banner has received 381 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Banner has received 56.19% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Banner is a leading dividend payer. It pays a dividend yield of 4.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Banner has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Banner is 37.44 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Banner will have a dividend payout ratio of 61.42 % next year. This indicates that Banner will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banner insiders have bought more of their company's stock than they have sold. Specifically, they have bought $6,952.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.13% of the stock of Banner is held by insiders.
Percentage Held by Institutions
82.34% of the stock of Banner is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Banner are expected to decrease by -11.59% in the coming year, from $3.02 to $2.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banner is 10.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banner is 10.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.92.
Price to Book Value per Share Ratio
Banner has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.92 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:BANR

Previous Symbol

CUSIP06652V20

CIK946673

Webwww.bannerbank.com

Phone509-527-3636

Debt

Debt-to-Equity Ratio0.30

Current Ratio0.91

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio10.08

Forward P/E Ratio12.39

P/E GrowthN/A

Sales & Book Value

Annual Sales$607.63 million

Price / Sales2.16

Cash Flow$5.20 per share

Price / Cash Flow7.19

Book Value$46.70 per share

Price / Book0.80

Profitability

EPS (Most Recent Fiscal Year)$4.38

Net Income$146.28 million

Net Margins21.27%

Return on Equity8.89%

Return on Assets1.13%

Miscellaneous

Employees2,198

Outstanding Shares35,156,000

Market Cap$1.32 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Banner (NASDAQ:BANR) Frequently Asked Questions

How has Banner's stock been impacted by COVID-19 (Coronavirus)?

Banner's stock was trading at $35.79 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BANR shares have increased by 4.5% and is now trading at $37.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Banner?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banner in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Banner.

When is Banner's next earnings date?

Banner is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Banner.

How were Banner's earnings last quarter?

Banner Co. (NASDAQ:BANR) announced its earnings results on Monday, April, 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.28. The financial services provider earned $138.42 million during the quarter, compared to the consensus estimate of $136.10 million. Banner had a return on equity of 8.89% and a net margin of 21.27%. View Banner's earnings history.

How often does Banner pay dividends? What is the dividend yield for Banner?

Banner announced a quarterly dividend on Thursday, March 26th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.41 per share on Friday, April 17th. This represents a $1.64 annualized dividend and a yield of 4.38%. The ex-dividend date is Tuesday, April 7th. View Banner's dividend history.

What price target have analysts set for BANR?

4 analysts have issued 1-year target prices for Banner's stock. Their forecasts range from $42.00 to $42.00. On average, they expect Banner's share price to reach $42.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View analysts' price targets for Banner.

Has Banner been receiving favorable news coverage?

Media coverage about BANR stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Banner earned a news impact score of 2.0 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutBanner.

Are investors shorting Banner?

Banner saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 689,700 shares, an increase of 8.5% from the April 30th total of 635,500 shares. Based on an average daily volume of 260,100 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.0% of the shares of the company are short sold. View Banner's Current Options Chain.

Who are some of Banner's key competitors?

Some companies that are related to Banner include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of Banner own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Banner investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Graham (GHM), Allergan (AGN) and ALJ Regional (ALJJ).

Who are Banner's key executives?

Banner's management team includes the following people:

Mr. Mark J. Grescovich, Pres, CEO & Director (Age 55)
Mr. Peter J. Conner, Exec. VP, CFO & Treasurer (Age 53)
Ms. Cynthia D. Purcell, Exec. VP of Retail Banking & Admin. of Banner Bank (Age 62)
Mr. Richard B. Barton, Exec. VP & Chief Credit Officer of Banner Bank (Age 76)
Mr. Keith A. Western, Exec. VP of Commercial Banking of South (Age 63)

What is Banner's stock symbol?

Banner trades on the NASDAQ under the ticker symbol "BANR."

Who are Banner's major shareholders?

Banner's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.97%), State Street Corp (4.14%), Bank of New York Mellon Corp (2.80%), Nuveen Asset Management LLC (2.35%), Channing Capital Management LLC (2.28%) and Victory Capital Management Inc. (1.69%). Company insiders that own Banner stock include Brent A Orrico, Cheryl R Bishop, Cynthia D Purcell, John R Layman, Kevin F Riordan, Peter Conner and Steven W Rust. View institutional ownership trends for Banner.

Which institutional investors are selling Banner stock?

BANR stock was sold by a variety of institutional investors in the last quarter, including Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, Nuveen Asset Management LLC, Morgan Stanley, Morgan Stanley, Public Sector Pension Investment Board, Bank of New York Mellon Corp, and Invesco Ltd.. Company insiders that have sold Banner company stock in the last year include Brent A Orrico, Cynthia D Purcell, and John R Layman. View insider buying and selling activity for Banner.

Which institutional investors are buying Banner stock?

BANR stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Ziegler Capital Management LLC, State Street Corp, First Trust Advisors LP, Thrivent Financial for Lutherans, and FDx Advisors Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Banner's stock price today?

One share of BANR stock can currently be purchased for approximately $37.41.

How big of a company is Banner?

Banner has a market capitalization of $1.32 billion and generates $607.63 million in revenue each year. The financial services provider earns $146.28 million in net income (profit) each year or $4.38 on an earnings per share basis. Banner employs 2,198 workers across the globe.

What is Banner's official website?

The official website for Banner is www.bannerbank.com.

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff