Banner (NASDAQ:BANR) Stock Price Expected to Rise, DA Davidson Analyst Says

Banner (NASDAQ:BANRGet Free Report) had its price target increased by investment analysts at DA Davidson from $73.00 to $76.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price objective would indicate a potential upside of 9.34% from the stock’s previous close. DA Davidson also issued estimates for Banner’s FY2025 earnings at $5.40 EPS.

Several other analysts have also weighed in on BANR. Stephens reissued an “overweight” rating and issued a $82.00 price objective on shares of Banner in a report on Thursday. Keefe, Bruyette & Woods upped their price target on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler set a $67.00 price objective on Banner in a research note on Thursday, October 17th. Finally, Raymond James boosted their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.20.

Check Out Our Latest Stock Report on BANR

Banner Stock Performance

Shares of BANR opened at $69.51 on Friday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 14.24 and a beta of 1.09. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $70.28 and its two-hundred day moving average is $63.76. Banner has a 52-week low of $42.00 and a 52-week high of $78.05.

Banner (NASDAQ:BANRGet Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.11%. Analysts forecast that Banner will post 4.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Banner news, VP James P.G. Mclean sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the completion of the transaction, the vice president now owns 21,868 shares in the company, valued at approximately $1,653,876.84. The trade was a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Banner

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in Banner by 79.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,328,616 shares of the financial services provider’s stock valued at $79,132,000 after buying an additional 588,591 shares during the period. Wellington Management Group LLP increased its stake in shares of 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 valued at $106,334,000 after acquiring an additional 193,434 shares during the period. FMR LLC raised its holdings in Banner by 395.4% during the third quarter. FMR LLC now owns 166,120 shares of the financial services provider’s stock worth $9,894,000 after purchasing an additional 132,586 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Banner by 18.4% in the second quarter. The Manufacturers Life Insurance Company now owns 795,929 shares of the financial services provider’s stock worth $39,510,000 after purchasing an additional 123,903 shares during the period. Finally, Eagle Asset Management Inc. bought a new position in Banner during the 3rd quarter valued at $6,477,000. 87.33% of the stock is currently owned by institutional investors.

Banner Company Profile

(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.

Further Reading

Analyst Recommendations for Banner (NASDAQ:BANR)

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