FY2025 Earnings Estimate for Banner Issued By DA Davidson

Banner Co. (NASDAQ:BANR) – Equities research analysts at DA Davidson lifted their FY2025 earnings per share estimates for Banner in a research note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $4.96 per share for the year, up from their previous estimate of $4.90. DA Davidson currently has a “Neutral” rating and a $69.00 target price on the stock. The consensus estimate for Banner’s current full-year earnings is $4.88 per share.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.12. The company had revenue of $213.90 million for the quarter, compared to analysts’ expectations of $152.95 million. Banner had a net margin of 20.28% and a return on equity of 10.22%. During the same quarter in the previous year, the company earned $1.43 earnings per share.

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

Banner Price Performance

Shares of BANR stock opened at $65.80 on Friday. Banner has a twelve month low of $42.00 and a twelve month high of $78.05. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 13.77 and a beta of 1.07. The business’s fifty day moving average is $70.24 and its 200 day moving average is $60.25. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Tuesday, November 5th. Banner’s payout ratio is currently 40.17%.

Insider Buying and Selling at Banner

In other news, VP James P.G. Mclean sold 1,500 shares of the company’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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Banner

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Banner in the second quarter worth about $53,000. US Bancorp DE boosted its holdings in Banner by 287.1% in the 3rd quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock worth $86,000 after buying an additional 1,065 shares during the period. CWM LLC lifted its position in shares of Banner by 19.5% in the third quarter. CWM LLC now owns 2,275 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 371 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Banner during the second quarter worth about $152,000. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Banner during the third quarter valued at approximately $209,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

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.