Equities research analysts expect Banner Corporation (NASDAQ:BANR) to post sales of $124.60 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Banner’s earnings. The lowest sales estimate is $119.80 million and the highest is $130.09 million. Banner reported sales of $116.63 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.8%. The business is scheduled to report its next earnings report on Wednesday, January 24th.
On average, analysts expect that Banner will report full-year sales of $124.60 million for the current year, with estimates ranging from $478.20 million to $488.52 million. For the next financial year, analysts forecast that the company will post sales of $498.32 million per share, with estimates ranging from $485.25 million to $514.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Banner.
Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). Banner had a net margin of 19.70% and a return on equity of 7.52%. The firm had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million.
A number of brokerages have recently issued reports on BANR. BidaskClub lowered shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine lowered shares of Banner from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Piper Jaffray Companies restated a “neutral” rating on shares of Banner in a research report on Friday, October 27th. Stephens began coverage on shares of Banner in a research report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 target price on the stock. Finally, DA Davidson lowered shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $60.67.
Banner (BANR) opened at $56.61 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1,880.47, a P/E ratio of 19.24, a PEG ratio of 2.05 and a beta of 1.06. Banner has a 1 year low of $51.61 and a 1 year high of $62.75.
Several hedge funds and other institutional investors have recently modified their holdings of BANR. Janus Henderson Group PLC purchased a new stake in shares of Banner during the 2nd quarter worth $77,217,000. BlackRock Inc. raised its stake in Banner by 6.0% in the 2nd quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after purchasing an additional 221,159 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Banner by 6.5% in 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 purchasing an additional 116,608 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Banner by 4.8% in 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 purchasing an additional 110,369 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Banner by 15.0% in 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 during the period. Institutional investors own 91.58% of the company’s stock.
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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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