Banner Co. (NASDAQ:BANR) – Research analysts at DA Davidson increased their Q4 2018 earnings per share estimates for Banner in a report issued on Thursday, October 25th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $1.06 for the quarter, up from their previous forecast of $0.91. DA Davidson also issued estimates for Banner’s Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.03 EPS and FY2019 earnings at $4.15 EPS.
Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Banner had a net margin of 16.08% and a return on equity of 9.74%. The business had revenue of $129.49 million for the quarter, compared to analysts’ expectations of $125.29 million.
Shares of BANR stock opened at $58.74 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.26. Banner has a 1 year low of $52.10 and a 1 year high of $67.11. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90.
The company also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Wednesday, October 10th were issued a $0.38 dividend. The ex-dividend date was Tuesday, October 9th. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. This is a boost from Banner’s previous quarterly dividend of $0.35. Banner’s dividend payout ratio is presently 50.84%.
Several institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Banner in the second quarter worth $103,000. Swiss National Bank increased its holdings in shares of Banner by 4.0% in the second quarter. Swiss National Bank now owns 56,800 shares of the financial services provider’s stock worth $3,415,000 after purchasing an additional 2,200 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Banner by 8.0% in the second quarter. Renaissance Technologies LLC now owns 29,800 shares of the financial services provider’s stock worth $1,792,000 after purchasing an additional 2,200 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Banner by 60.9% in the first quarter. Xact Kapitalforvaltning AB now owns 6,344 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 2,400 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in shares of Banner by 19.3% in the first quarter. Guggenheim Capital LLC now owns 15,650 shares of the financial services provider’s stock worth $869,000 after purchasing an additional 2,537 shares during the period. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which 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.
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