Banner Corporation (NASDAQ:BANR) will issue its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.
Banner Corporation (NASDAQ:BANR) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. The business had revenue of $122.18 million during the quarter, compared to analysts’ expectations of $119.46 million. On average, analysts expect Banner Corporation to post $3.15 EPS for the current fiscal year and $3.27 EPS for the next fiscal year.
Shares of Banner Corporation (NASDAQ:BANR) opened at 62.14 on Friday. The company has a market capitalization of $2.07 billion, a PE ratio of 21.64 and a beta of 1.04. Banner Corporation has a 1-year low of $44.00 and a 1-year high of $62.47. The company’s 50-day moving average price is $59.03 and its 200-day moving average price is $56.42.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, October 6th. Banner Corporation’s dividend payout ratio (DPR) is presently 34.72%.
In other news, Director Gary Sirmon sold 3,333 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $55.46, for a total transaction of $184,848.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Cynthia D. Purcell sold 1,007 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total value of $55,999.27. The disclosure for this sale can be found here. Insiders have sold 7,925 shares of company stock worth $446,739 over the last ninety days. 1.71% of the stock is owned by insiders.
BANR has been the topic of several recent analyst reports. Zacks Investment Research raised Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, July 3rd. ValuEngine raised Banner Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Stephens started coverage on Banner Corporation in a research note on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price target on the stock. Finally, BidaskClub raised Banner Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $57.75.
About Banner Corporation
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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