DA Davidson Estimates Banner’s FY2025 Earnings (NASDAQ:BANR)

Banner Co. (NASDAQ:BANR) – Analysts at DA Davidson boosted their FY2025 earnings estimates for shares of Banner in a report issued on Friday, January 24th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $5.40 per share for the year, up from their previous estimate of $4.96. DA Davidson currently has a “Neutral” rating and a $76.00 target price on the stock. The consensus estimate for Banner’s current full-year earnings is $4.89 per share.

A number of other equities analysts have also recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $82.00 target price on shares of Banner in a report on Thursday, January 23rd. Raymond James lifted their price objective on shares of Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their target price on shares of Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler set a $67.00 price target on Banner in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.20.

Banner Trading Down 0.5 %

BANR opened at $70.99 on Monday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 14.55 and a beta of 1.09. Banner has a 52 week low of $42.00 and a 52 week high of $78.05. The business’s 50 day moving average is $70.25 and its two-hundred day moving average is $64.09. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.11. Banner had a return on equity of 10.11% and a net margin of 20.28%.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.70%. Banner’s payout ratio is currently 39.34%.

Insider Buying and Selling

In other news, VP James P.G. Mclean sold 1,500 shares of Banner stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the sale, the vice president now directly owns 21,868 shares of the company’s stock, valued at approximately $1,653,876.84. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Banner

Large investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in shares of Banner by 5.1% during the fourth quarter. Empowered Funds LLC now owns 97,411 shares of the financial services provider’s stock worth $6,504,000 after purchasing an additional 4,716 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Banner by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,939 shares of the financial services provider’s stock worth $1,667,000 after acquiring an additional 3,933 shares during the period. Financial Life Planners bought a new position in Banner in the fourth quarter worth about $32,000. KBC Group NV lifted its holdings in Banner by 46.0% in the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 522 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Banner in the fourth quarter valued at approximately $32,000. Institutional investors own 87.33% of the company’s stock.

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.