Recent Research Analysts’ Ratings Updates for Banner (BANR)

Several brokerages have updated their recommendations and price targets on shares of Banner (NASDAQ: BANR) in the last few weeks:

  • 4/4/2019 – Banner was given a new $62.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 4/3/2019 – Banner was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. “
  • 3/29/2019 – Banner was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/27/2019 – Banner was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. “
  • 3/26/2019 – Banner was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. “
  • 3/22/2019 – Banner was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/21/2019 – Banner was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/6/2019 – Banner was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/20/2019 – Banner was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of BANR stock opened at $56.10 on Wednesday. Banner Co. has a 52 week low of $48.50 and a 52 week high of $67.11. The company has a market capitalization of $1.93 billion, a PE ratio of 13.72, a P/E/G ratio of 1.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.93.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. Banner had a net margin of 24.90% and a return on equity of 10.43%. The firm had revenue of $139.16 million during the quarter, compared to analyst estimates of $134.25 million. Equities research analysts anticipate that Banner Co. will post 4.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from Banner’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.92%. Banner’s payout ratio is currently 40.10%.

In related news, Director Cheryl R. Bishop sold 11,943 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $63.62, for a total value of $759,813.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.51% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BANR. Norges Bank purchased a new position in shares of Banner in the fourth quarter worth approximately $24,271,000. Stifel Financial Corp boosted its holdings in shares of Banner by 129.5% in the fourth quarter. Stifel Financial Corp now owns 239,419 shares of the financial services provider’s stock worth $12,776,000 after buying an additional 135,089 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Banner by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 934,512 shares of the financial services provider’s stock worth $58,100,000 after buying an additional 124,830 shares during the last quarter. FMR LLC boosted its holdings in shares of Banner by 15.8% in the fourth quarter. FMR LLC now owns 855,555 shares of the financial services provider’s stock worth $45,755,000 after buying an additional 116,455 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Banner by 1,078.4% in the fourth quarter. Acadian Asset Management LLC now owns 109,229 shares of the financial services provider’s stock worth $5,842,000 after buying an additional 99,960 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.

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