Banner Co. (NASDAQ:BANR) Receives $74.20 Consensus Price Target from Analysts

Banner Co. (NASDAQ:BANR) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $74.20.

A number of analysts have recently issued reports on the company. DA Davidson raised their price objective on Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $82.00 price objective on shares of Banner in a research report on Thursday, January 23rd.

Banner Price Performance

Shares of BANR opened at $62.82 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $68.21 and its 200 day simple moving average is $66.60. Banner has a 1-year low of $42.00 and a 1-year high of $78.05. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 12.87 and a beta of 1.07.

Banner (NASDAQ:BANR) last released 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 net margin of 20.28% and a return on equity of 10.03%. On average, research analysts forecast that Banner will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner’s dividend payout ratio is 39.34%.

Institutional Investors Weigh In On Banner

A number of hedge funds and other institutional investors have recently modified their holdings of BANR. 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 acquiring an additional 193,434 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Banner by 28.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider’s stock worth $113,619,000 after purchasing an additional 373,037 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Banner by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,521 shares of the financial services provider’s stock valued at $92,111,000 after buying an additional 49,457 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Banner by 1.5% in the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock valued at $49,073,000 after buying an additional 11,808 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Banner by 5.5% in the fourth quarter. American Century Companies Inc. now owns 738,356 shares of the financial services provider’s stock valued at $49,300,000 after buying an additional 38,454 shares during the period. Institutional investors and hedge funds 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.