Analysts Set Banner Co. (NASDAQ:BANR) Price Target at $54.00

Shares of Banner Co. (NASDAQ:BANR) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $54.00.

Several brokerages have commented on BANR. Stephens restated an “overweight” rating and set a $53.00 price target on shares of Banner in a research report on Thursday, July 18th. Janney Montgomery Scott downgraded Banner from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Piper Sandler lifted their price target on shares of Banner from $51.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, StockNews.com lowered Banner from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TFO Wealth Partners LLC raised its holdings in Banner by 35,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 718 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 716 shares during the last quarter. EntryPoint Capital LLC increased its holdings in Banner by 100.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock worth $53,000 after buying an additional 558 shares in the last quarter. Innealta Capital LLC purchased a new position in Banner in the 2nd quarter worth about $53,000. CWM LLC lifted its stake in Banner by 60.1% during the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 715 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Banner during the 2nd quarter valued at about $152,000. 87.33% of the stock is owned by hedge funds and other institutional investors.

Banner Price Performance

BANR stock opened at $61.29 on Monday. Banner has a twelve month low of $39.31 and a twelve month high of $61.77. The firm has a market capitalization of $2.11 billion, a PE ratio of 12.74 and a beta of 1.05. The stock’s 50 day moving average is $57.47 and its 200-day moving average is $50.26. 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 (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 the consensus estimate of $1.14 by $0.03. Banner had a return on equity of 10.89% and a net margin of 20.93%. The business had revenue of $149.75 million during the quarter, compared to analyst estimates of $149.66 million. Sell-side analysts expect that Banner will post 4.71 EPS for the current fiscal year.

Banner Dividend Announcement

The company 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 annualized dividend and a yield of 3.13%. The ex-dividend date was Tuesday, August 6th. 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.