What is DA Davidson’s Forecast for Banner FY2025 Earnings?

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

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

Banner Trading Down 1.1 %

NASDAQ:BANR opened at $69.51 on Monday. The company has a market cap of $2.40 billion, a PE ratio of 14.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. Banner has a one year low of $42.00 and a one year high of $78.05. The firm has a 50-day moving average of $70.28 and a 200-day moving average of $63.86.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, February 4th. Banner’s payout ratio is 39.34%.

Insider Activity at Banner

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Banner by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,330,064 shares of the financial services provider’s stock valued at $79,219,000 after acquiring an additional 43,398 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Banner by 1.5% during the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock worth $49,073,000 after purchasing an additional 11,808 shares in the last quarter. Versor Investments LP acquired a new position in Banner during the third quarter worth about $439,000. JPMorgan Chase & Co. grew its position in shares of Banner by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider’s stock valued at $24,413,000 after purchasing an additional 29,174 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Banner by 12.2% during the third quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider’s stock worth $106,334,000 after purchasing an additional 193,434 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

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.