DA Davidson Weighs in on Banner Co.’s Q2 2024 Earnings (NASDAQ:BANR)

Banner Co. (NASDAQ:BANR) – Research analysts at DA Davidson issued their Q2 2024 EPS estimates for Banner in a report released on Monday, April 22nd. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings per share of $1.13 for the quarter. DA Davidson has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for Banner’s current full-year earnings is $4.57 per share. DA Davidson also issued estimates for Banner’s FY2024 earnings at $4.40 EPS and FY2025 earnings at $4.55 EPS.

Several other analysts have also recently commented on BANR. Piper Sandler reduced their price objective on shares of Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Banner from $58.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. Raymond James lifted their price target on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Finally, Stephens reduced their target price on Banner from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.20.

Banner Trading Up 1.8 %

NASDAQ BANR opened at $46.05 on Tuesday. The firm’s fifty day moving average is $45.41 and its two-hundred day moving average is $46.56. Banner has a one year low of $39.31 and a one year high of $55.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $1.58 billion, a PE ratio of 9.57 and a beta of 1.03.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.17%. The ex-dividend date is Monday, April 29th. Banner’s dividend payout ratio (DPR) is presently 39.92%.

Institutional Trading of Banner

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in Banner by 19.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,535 shares of the financial services provider’s stock valued at $82,000 after buying an additional 245 shares during the period. Diversified Trust Co lifted its position in Banner by 4.2% during the 3rd quarter. Diversified Trust Co now owns 8,649 shares of the financial services provider’s stock worth $367,000 after buying an additional 352 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Banner by 4.7% during the third quarter. Sequoia Financial Advisors LLC now owns 8,322 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 373 shares in the last quarter. CWM LLC boosted its holdings in shares of Banner by 49.9% in the 4th quarter. CWM LLC now owns 1,135 shares of the financial services provider’s stock valued at $61,000 after buying an additional 378 shares during the last quarter. Finally, Comerica Bank lifted its stake in Banner by 2.2% in the fourth quarter. Comerica Bank now owns 18,004 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 380 shares during the last quarter. 87.33% of the stock is owned by institutional investors.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of 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.