Banner Corporation (NASDAQ:BANR) Shareholders to Collect $0.52 Quarterly Dividend

Banner Corporation (NASDAQ:BANR) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be paid a dividend of $0.52 per share by the financial services provider on Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, November 5th.

Banner has decreased its dividend payment by an average of 0.1% annually over the last three years. Banner has a dividend payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $6.79 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 30.6%.

Banner Price Performance

BANR stock traded up $0.96 during trading on Thursday, hitting $69.01. The company had a trading volume of 67,843 shares, compared to its average volume of 298,742. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.39 and a beta of 0.83. The business has a 50 day moving average of $69.51 and a 200 day moving average of $67.63. Banner has a fifty-two week low of $57.05 and a fifty-two week high of $74.84. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The firm had revenue of $179.07 million during the quarter, compared to analyst estimates of $184.24 million. Banner had a net margin of 23.55% and a return on equity of 10.72%. As a group, research analysts predict that Banner will post 6.15 earnings per share for the current year.

Banner Company Profile

Banner Corporation (NASDAQ: BANR) is a bank holding company headquartered in Walla Walla, Washington. Through its principal subsidiary, Banner Bank, the company provides banking and financial services to individuals, families, businesses and communities in the Pacific Northwest.

Banner Bank offers deposit products, residential and commercial real estate lending, construction and land development loans, commercial and industrial financing, agricultural loans, consumer loans and home equity products.