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

Banner Corporation (NASDAQ:BANR) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, November 5th will be given a dividend of $0.52 per share by the financial services provider on Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 5th.

Banner has decreased its dividend by an average of 0.1% annually over the last three years. Banner has a payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banner to earn $6.65 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 31.3%.

Banner Price Performance

BANR stock opened at $71.52 on Tuesday. The company has a market capitalization of $2.43 billion, a P/E ratio of 12.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.86. Banner has a 52-week low of $57.05 and a 52-week high of $74.84. The business has a 50-day simple moving average of $69.11 and a two-hundred day simple moving average of $66.14.

Banner (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Banner had a return on equity of 10.44% and a net margin of 22.81%. The business had revenue of $179.07 million during the quarter, compared to analyst estimates of $184.24 million. Research analysts expect that Banner will post 6.13 EPS for the current fiscal year.

About Banner

Banner Corporation (NASDAQ: BANR) is a bank holding company headquartered in Walla Walla, Washington. Through its principal subsidiary, Banner Bank, the company provides banking and financial services to individuals, families, businesses and communities in the Pacific Northwest.

Banner Bank offers deposit products, residential and commercial real estate lending, construction and land development loans, commercial and industrial financing, agricultural loans, consumer loans and home equity products.