Banner Co. (NASDAQ:BANR) Receives Average Rating of “Moderate Buy” from Analysts

Banner Co. (NASDAQ:BANRGet Free Report) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $72.80.

BANR has been the topic of a number of research analyst reports. DA Davidson raised their target price on Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on shares of Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler set a $67.00 target price on shares of Banner in a research report on Thursday, October 17th. Stephens reissued an “overweight” rating and issued a $82.00 price target on shares of Banner in a report on Thursday. Finally, Raymond James boosted their price objective on shares of Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd.

View Our Latest Stock Report on Banner

Insider Activity

In other news, VP James P.G. Mclean sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 21,868 shares of the company’s stock, valued at approximately $1,653,876.84. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Trading of Banner

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Banner by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,361,774 shares of the financial services provider’s stock worth $117,236,000 after purchasing an additional 37,780 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Banner by 223.1% during the second quarter. Renaissance Technologies LLC now owns 54,599 shares of the financial services provider’s stock worth $2,710,000 after buying an additional 37,700 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Banner in the second quarter valued at approximately $394,000. Public Sector Pension Investment Board boosted its holdings in shares of Banner by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 75,787 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 5,378 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Banner by 113.8% during the 2nd quarter. AQR Capital Management LLC now owns 71,915 shares of the financial services provider’s stock worth $3,570,000 after acquiring an additional 38,273 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors.

Banner Price Performance

NASDAQ BANR opened at $70.27 on Friday. Banner has a 1 year low of $42.00 and a 1 year high of $78.05. The company has a fifty day simple moving average of $70.42 and a 200 day simple moving average of $63.56. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.42 billion, a P/E ratio of 14.70 and a beta of 1.09.

Banner (NASDAQ:BANRGet Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.22%. On average, sell-side analysts predict that Banner will post 4.9 EPS for the current year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, February 4th. Banner’s dividend payout ratio is 40.17%.

About Banner

(Get Free Report

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.

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Analyst Recommendations for Banner (NASDAQ:BANR)

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