Banner (BANR) Expected to Announce Quarterly Earnings on Wednesday

Banner (NASDAQ:BANR) will likely be posting its earnings results before the market opens on Wednesday, January 22nd. Analysts expect Banner to post earnings of $1.22 per share and revenue of $156,089.20 billion for the quarter.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.12. Banner had a net margin of 20.28% and a return on equity of 10.22%. The company had revenue of $213.90 million for the quarter, compared to the consensus estimate of $152.95 million. During the same quarter last year, the firm posted $1.43 earnings per share. On average, analysts expect Banner to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Banner Stock Performance

BANR traded up $1.07 during trading on Wednesday, hitting $70.45. The company’s stock had a trading volume of 202,689 shares, compared to its average volume of 254,665. Banner has a one year low of $42.00 and a one year high of $78.05. The business’s 50 day simple moving average is $70.85 and its 200-day simple moving average is $62.75. 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 firm has a market cap of $2.43 billion, a PE ratio of 14.74 and a beta of 1.09.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.92 dividend on an annualized basis and a yield of 2.73%. Banner’s dividend payout ratio is currently 40.17%.

Insider Buying and Selling at Banner

In related news, VP James P.G. Mclean sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

BANR has been the subject of a number of analyst reports. Piper Sandler set a $67.00 price target on Banner in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price 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. Raymond James lifted their price target on shares of Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, DA Davidson increased their price objective on shares of Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Banner has an average rating of “Hold” and a consensus price target of $67.00.

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.