Equities analysts predict that Banner Corporation (NASDAQ:BANR) will post earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Banner’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.74. Banner posted earnings per share of $0.71 during the same quarter last year, which suggests a positive year over year growth rate of 21.1%. The business is scheduled to report its next earnings report on Wednesday, January 24th.
On average, analysts expect that Banner will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.98 to $3.24. For the next year, analysts expect that the business will report earnings of $3.13 per share, with EPS estimates ranging from $2.90 to $3.35. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Banner.
Banner (NASDAQ:BANR) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The firm had revenue of $120.55 million during the quarter, compared to the consensus estimate of $123.58 million. Banner had a return on equity of 7.52% and a net margin of 19.70%.
Several equities research analysts have recently issued reports on BANR shares. ValuEngine lowered shares of Banner from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Banner from a “hold” rating to a “sell” rating in a report on Monday, October 30th. DA Davidson lowered shares of Banner from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. Piper Jaffray Companies restated a “neutral” rating on shares of Banner in a report on Friday, October 27th. Finally, Stephens started coverage on shares of Banner in a report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.67.
In related news, Director Gary Sirmon sold 3,335 shares of Banner stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $57.49, for a total transaction of $191,729.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 3,936 shares of company stock valued at $226,039 in the last quarter. 1.71% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BANR. Janus Henderson Group PLC bought a new stake in Banner during the 2nd quarter valued at about $77,217,000. BlackRock Inc. lifted its holdings in Banner by 6.0% during the 2nd quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after buying an additional 221,159 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Banner by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,916,291 shares of the financial services provider’s stock valued at $108,291,000 after buying an additional 116,608 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Banner by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock valued at $147,428,000 after buying an additional 110,369 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Banner by 15.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 463,304 shares of the financial services provider’s stock valued at $28,392,000 after buying an additional 60,505 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.
Banner (NASDAQ:BANR) traded down $0.44 during trading on Friday, hitting $56.79. 94,215 shares of the stock traded hands, compared to its average volume of 154,001. The company has a market cap of $1,922.46, a price-to-earnings ratio of 19.66, a PEG ratio of 2.09 and a beta of 1.06. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. Banner has a 12-month low of $51.61 and a 12-month high of $62.75.
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Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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