Banner Co. (NASDAQ:BANR) Receives $74.20 Consensus Target Price from Analysts

Shares of Banner Co. (NASDAQ:BANR) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $74.20.

BANR has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens reiterated an “overweight” rating and issued a $82.00 price objective on shares of Banner in a research note on Thursday, January 23rd. Finally, DA Davidson increased their target price on Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th.

Banner Price Performance

Shares of NASDAQ BANR opened at $69.50 on Thursday. Banner has a twelve month low of $42.00 and a twelve month high of $78.05. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $68.76 and its 200-day moving average price is $65.43. The company has a market capitalization of $2.39 billion, a PE ratio of 14.24 and a beta of 1.09.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, equities analysts anticipate that Banner will post 5.23 EPS for the current year.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.76%. Banner’s dividend payout ratio is currently 39.34%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Banner by 22.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 110,412 shares of the financial services provider’s stock worth $7,372,000 after purchasing an additional 20,326 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of Banner by 3.6% in the fourth quarter. Rafferty Asset Management LLC now owns 41,437 shares of the financial services provider’s stock worth $2,767,000 after purchasing an additional 1,438 shares during the period. ProShare Advisors LLC increased its holdings in shares of Banner by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 10,348 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,185 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Banner by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,531 shares of the financial services provider’s stock worth $1,304,000 after purchasing an additional 734 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Banner by 241.9% in the fourth quarter. Deutsche Bank AG now owns 117,504 shares of the financial services provider’s stock worth $7,846,000 after purchasing an additional 83,140 shares during the period. Institutional investors own 87.33% of the company’s stock.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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.