Banner (BANR) Expected to Announce Quarterly Earnings on Wednesday

Banner (NASDAQ:BANR) is projected to release its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Banner to post earnings of $1.22 per share and revenue of $156,089.20 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Banner Stock Up 0.4 %

BANR stock opened at $70.11 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $70.67 and a two-hundred day moving average of $63.09. Banner has a 12 month low of $42.00 and a 12 month high of $78.05. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 14.67 and a beta of 1.09.

Banner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.92 annualized dividend and a dividend yield of 2.74%. Banner’s dividend payout ratio is presently 40.17%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BANR. Raymond James upped their target price on Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler set a $67.00 target price on shares of Banner in a research note on Thursday, October 17th. Finally, DA Davidson boosted their target price on shares of Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Banner has an average rating of “Hold” and an average target price of $67.00.

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.