Banner Co. (NASDAQ:BANR – Get Free Report) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $74.20.
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler set a $67.00 price target on shares of Banner in a research report on Thursday, October 17th. DA Davidson boosted their price objective on shares of Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, Stephens reissued an “overweight” rating and issued a $82.00 target price on shares of Banner in a research note on Thursday, January 23rd.
Read Our Latest Analysis on Banner
Institutional Investors Weigh In On Banner
Banner Stock Performance
NASDAQ:BANR opened at $67.94 on Thursday. The company has a market cap of $2.34 billion, a P/E ratio of 13.92 and a beta of 1.09. The firm’s 50 day moving average is $69.40 and its two-hundred day moving average is $65.03. Banner has a fifty-two week low of $42.00 and a fifty-two week high of $78.05. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.
Banner (NASDAQ:BANR – Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. Analysts expect that Banner will post 5.22 EPS for the current year.
Banner Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.83%. Banner’s dividend payout ratio is currently 39.34%.
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.
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