Banner Co. (BANR) Given Consensus Rating of “Hold” by Brokerages

Shares of Banner Co. (NASDAQ:BANR) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $60.25.

Several analysts recently commented on BANR shares. BidaskClub cut shares of Banner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $60.00 price objective on shares of Banner in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Banner from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, January 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $58.00 price objective on shares of Banner in a research note on Friday, February 2nd. Finally, DA Davidson cut shares of Banner from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th.

Shares of Banner (BANR) opened at $53.20 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. Banner has a 52 week low of $51.61 and a 52 week high of $62.75. The company has a market cap of $1,713.56, a PE ratio of 28.91, a P/E/G ratio of 1.51 and a beta of 1.06.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Banner had a net margin of 12.02% and a return on equity of 7.55%. The company had revenue of $128.15 million during the quarter, compared to analyst estimates of $126.56 million. research analysts forecast that Banner will post 3.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Monday, January 8th. Banner’s payout ratio is currently 54.35%.

In other Banner news, VP Cynthia D. Purcell sold 841 shares of Banner stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $54.67, for a total transaction of $45,977.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 1,192 shares of company stock valued at $66,125. 1.71% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation acquired a new position in Banner during the third quarter worth about $122,000. Ameritas Investment Partners Inc. raised its position in Banner by 11.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 300 shares during the last quarter. Flinton Capital Management LLC raised its position in Banner by 200.0% during the second quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 2,352 shares during the last quarter. Meeder Asset Management Inc. raised its position in Banner by 283.1% during the third quarter. Meeder Asset Management Inc. now owns 3,739 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 2,763 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its position in Banner by 13.5% during the second quarter. Virtu KCG Holdings LLC now owns 4,245 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 505 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

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About Banner

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

Analyst Recommendations for Banner (NASDAQ:BANR)

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