Media stories about Banner Corporation (NASDAQ:BANR) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Banner Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.152500021992 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Banner Bank Completes Sale Of Utah Branches To People’s Intermountain Bank (thestreet.com)
- Banner Bank Completes Sale of Utah Branches to People’s Intermountain Bank (finance.yahoo.com)
- Banner Corporation (BANR) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Brokerages Anticipate Banner Corporation (BANR) Will Post Quarterly Sales of $123.58 Million (americanbankingnews.com)
- Ex-Dividend Reminder: Banner, UDR and Lincoln National (nasdaq.com)
Several research analysts have weighed in on BANR shares. Stephens started coverage on shares of Banner Corporation in a research report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price target on the stock. BidaskClub upgraded shares of Banner Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $57.75.
Banner Corporation (NASDAQ BANR) traded down 0.23% on Wednesday, reaching $61.75. 110,666 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $57.70 and a 200 day moving average price of $56.07. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 21.52 and a beta of 1.04. Banner Corporation has a 12-month low of $43.22 and a 12-month high of $62.24.
Banner Corporation (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. Analysts forecast that Banner Corporation will post $3.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, October 6th. Banner Corporation’s dividend payout ratio (DPR) is currently 34.72%.
In related news, Director Gary Sirmon sold 3,335 shares of the stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Also, VP Cynthia D. Purcell sold 1,007 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total transaction of $55,999.27. The disclosure for this sale can be found here. Insiders sold a total of 11,258 shares of company stock worth $631,587 over the last ninety days. Insiders own 1.71% of the company’s stock.
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About Banner Corporation
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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