Banner (BANR) Set to Announce Earnings on Wednesday

Banner (NASDAQ:BANR) is set to post its quarterly earnings results after the market closes on Wednesday, October 16th. Analysts expect Banner to post earnings of $1.18 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Banner had a net margin of 20.93% and a return on equity of 10.89%. The business had revenue of $149.75 million during the quarter, compared to the consensus estimate of $149.66 million. On average, analysts expect Banner to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Banner Price Performance

Shares of NASDAQ:BANR opened at $63.34 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.43. Banner has a fifty-two week low of $39.31 and a fifty-two week high of $63.51. The firm has a 50-day simple moving average of $57.76 and a 200 day simple moving average of $51.74. The company has a market cap of $2.18 billion, a PE ratio of 13.17 and a beta of 1.05.

Banner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Tuesday, August 6th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday, August 6th. Banner’s dividend payout ratio is presently 39.92%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Banner in a research report on Thursday, July 18th. Janney Montgomery Scott cut shares of Banner from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Piper Sandler upped their target price on shares of Banner from $51.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Raymond James upped their target price on shares of Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Banner currently has an average rating of “Hold” and a consensus target price of $56.80.

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.