Banner Corporation (BANR) to Issue Quarterly Dividend of $0.50 on February 13th

Banner Corporation (NASDAQ:BANR) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Tuesday, February 3rd will be paid a dividend of 0.50 per share by the financial services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Banner has raised its dividend payment by an average of 0.0%per year over the last three years. Banner has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banner to earn $5.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.3%.

Banner Trading Up 0.2%

NASDAQ:BANR opened at $66.13 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. Banner has a 1-year low of $54.01 and a 1-year high of $72.58. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 11.73 and a beta of 0.91. The business’s 50-day moving average price is $64.20 and its two-hundred day moving average price is $64.41.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.09. The company had revenue of $169.90 million during the quarter, compared to analyst estimates of $173.23 million. Banner had a return on equity of 10.57% and a net margin of 22.26%. On average, equities analysts expect that Banner will post 5.23 earnings per share for the current year.

Hedge Funds Weigh In On Banner

Hedge funds have recently made changes to their positions in the business. Financial Life Planners acquired a new stake in shares of Banner in the third quarter valued at approximately $32,000. Aquatic Capital Management LLC bought a new position in Banner in the third quarter valued at $36,000. EverSource Wealth Advisors LLC acquired a new stake in Banner in the 2nd quarter valued at $45,000. GAMMA Investing LLC lifted its position in Banner by 26.3% during the 2nd quarter. GAMMA Investing LLC now owns 952 shares of the financial services provider’s stock worth $61,000 after buying an additional 198 shares in the last quarter. Finally, Lodestone Wealth Management LLC bought a new stake in Banner during the 4th quarter worth about $66,000. 87.33% of the stock is owned by institutional investors.

About Banner

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.