Banner Co. (NASDAQ:BANR) Receives $57.00 Consensus Price Target from Analysts

Banner Co. (NASDAQ:BANR) has received a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $57.00.

BANR has been the subject of a number of recent research reports. DA Davidson lowered Banner from a “buy” rating to a “neutral” rating and cut their target price for the company from $63.00 to $60.00 in a research note on Tuesday, September 7th. Raymond James lowered their price target on Banner from $66.00 to $63.00 and set a “strong-buy” rating on the stock in a research report on Friday, July 23rd. Finally, Zacks Investment Research cut Banner from a “buy” rating to a “hold” rating in a research report on Monday, August 30th.

Shares of NASDAQ BANR traded down $0.66 during trading hours on Thursday, reaching $51.37. The stock had a trading volume of 167,126 shares, compared to its average volume of 163,291. The business’s fifty day moving average is $54.09 and its two-hundred day moving average is $55.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 10.23 and a beta of 1.16. Banner has a twelve month low of $30.05 and a twelve month high of $60.42.

Banner (NASDAQ:BANR) last issued its earnings results on Tuesday, July 20th. The financial services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.45. The business had revenue of $149.89 million during the quarter, compared to analyst estimates of $142.75 million. Banner had a return on equity of 10.68% and a net margin of 28.76%. Sell-side analysts forecast that Banner will post 5.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Tuesday, August 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, August 2nd. Banner’s payout ratio is presently 48.66%.

Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd grew its holdings in shares of Banner by 131.3% during the first quarter. Point72 Hong Kong Ltd now owns 740 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 420 shares during the last quarter. US Bancorp DE grew its holdings in shares of Banner by 351.5% during the second quarter. US Bancorp DE now owns 1,612 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,255 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Banner during the first quarter worth $97,000. Teacher Retirement System of Texas bought a new stake in shares of Banner during the first quarter worth $211,000. Finally, Ergoteles LLC bought a new position in Banner in the second quarter valued at about $233,000. Institutional investors own 83.59% of the company’s stock.

Banner Company Profile

Banner Corp. operates as a holding company for Banner Bank. It offers deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. It also provides commercial banking services and financial products to individuals, businesses and public sector entities.

Read More: How to Use the MarketBeat Retirement Calculator

Analyst Recommendations for Banner (NASDAQ:BANR)

Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.