Banner Corporation (BANR) To Go Ex-Dividend on May 5th

Banner Corporation (NASDAQ:BANR) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.52 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, May 5th. This is a 4.0% increase from Banner’s previous quarterly dividend of $0.50.

Banner has decreased its dividend payment by an average of 0.1%per year over the last three years. Banner has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banner to earn $6.24 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 32.1%.

Banner Trading Up 6.6%

Shares of BANR stock opened at $67.76 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 11.41 and a beta of 0.85. The stock has a 50 day simple moving average of $61.60 and a 200-day simple moving average of $62.74. Banner has a 1-year low of $57.05 and a 1-year high of $69.83.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $168.91 million during the quarter, compared to the consensus estimate of $169.60 million. Banner had a return on equity of 10.86% and a net margin of 23.24%. On average, equities research analysts expect that Banner will post 5.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in Banner in the 3rd quarter valued at $32,000. Kemnay Advisory Services Inc. acquired a new position in Banner in the 4th quarter valued at $31,000. Aquatic Capital Management LLC acquired a new stake in shares of Banner in the 3rd quarter worth $36,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Banner in the 2nd quarter worth $45,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Banner in the 4th quarter worth $66,000. 87.33% of the stock is owned by institutional investors and hedge funds.

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.