DA Davidson Predicts Banner’s Q4 Earnings (NASDAQ:BANR)

Banner Co. (NASDAQ:BANR) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Banner in a research note issued to investors on Friday, October 18th. DA Davidson analyst J. Rulis anticipates that the financial services provider will earn $1.26 per share for the quarter. 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 $4.71 per share. DA Davidson also issued estimates for Banner’s FY2025 earnings at $4.90 EPS.

A number of other equities research analysts have also commented on BANR. Piper Sandler set a $67.00 price target on Banner in a research report on Thursday. Stephens reissued an “overweight” rating and set a $53.00 target price on shares of Banner in a research report on Thursday, July 18th. Raymond James raised their price target on shares of Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Janney Montgomery Scott cut shares of Banner from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.60.

Banner Stock Performance

NASDAQ BANR opened at $64.66 on Monday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 13.44 and a beta of 1.05. 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 twelve month low of $39.31 and a twelve month high of $68.11. The stock has a fifty day simple moving average of $59.25 and a 200 day simple moving average of $52.53.

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 firm had revenue of $213.90 million during the quarter, compared to analysts’ expectations of $152.95 million. Banner had a net margin of 20.93% and a return on equity of 10.89%. During the same period in the prior year, the company posted $1.43 EPS.

Institutional Investors Weigh In On Banner

A number of large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in shares of Banner by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 300 shares during the period. Diversified Trust Co raised its holdings in Banner by 3.9% during the first quarter. Diversified Trust Co now owns 9,906 shares of the financial services provider’s stock worth $475,000 after buying an additional 371 shares during the last quarter. CWM LLC lifted its stake 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 buying an additional 371 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Banner by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,061 shares of the financial services provider’s stock valued at $1,443,000 after buying an additional 389 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Banner by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,906 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 475 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Banner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Tuesday, November 5th. Banner’s dividend payout ratio (DPR) is 39.92%.

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.