Banner (NASDAQ:BANR) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Banner (NASDAQ:BANR) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.06, Zacks reports. Banner had a net margin of 20.28% and a return on equity of 10.03%. The company had revenue of $159.88 million during the quarter, compared to analysts’ expectations of $159.72 million. During the same quarter in the prior year, the company posted $1.22 EPS.

Banner Stock Performance

Banner stock opened at $59.68 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.06 billion, a PE ratio of 12.23 and a beta of 0.94. The company’s 50-day moving average is $64.08 and its two-hundred day moving average is $67.01. Banner has a 1 year low of $42.00 and a 1 year high of $78.05.

Banner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.22%. Banner’s dividend payout ratio is currently 39.34%.

Wall Street Analysts Forecast Growth

BANR has been the topic of several research analyst reports. Stephens reaffirmed an “overweight” rating and set a $82.00 price objective on shares of Banner in a research note on Thursday, January 23rd. DA Davidson increased their price target on Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Banner Company Profile

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.