Stock analysts expect Banner Co. (NASDAQ:BANR – Get Rating) to report sales of $140.32 million for the current quarter, reports Zacks Investment Research. Three analysts have made estimates of Banner’s earnings. The lowest sales estimate is $134.90 million and the highest is $143.46 million. Banner posted sales of $149.89 million in the same quarter last year, suggesting a negative year-over-year growth rate of 6.4%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Banner to report annual revenue of $566.91 million for the current year, with estimates ranging from $545.50 million to $579.03 million. dollars. For the next fiscal year, analysts expect the company to post sales of $611.85 million, with estimates ranging from $573.60 million to $635.55 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts who cover Banner.
Banner (NASDAQ:BANR – Get Rating) last reported quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share of $1.27 for the quarter, beating the Zacks consensus estimate of $1.10 by $0.17. Banner had a return on equity of 12.47% and a net margin of 32.46%. During the same period last year, the company posted EPS of $1.33.
Several research analysts have published reports on BANR shares. Stephens raised his price target on Banner from $64.00 to $66.00 and gave the stock an “equal weight” rating in a Monday, April 25 research report. StockNews.com began covering Banner shares in a report on Thursday, March 31. They issued a “holding” rating for the company. Raymond James lowered its price target on Banner shares from $72.00 to $70.00 and set a “Strong Buy” rating on the stock in a Friday, April 22 report. Finally, Zacks Investment Research upgraded Banner’s shares from a “hold” rating to a “buy” rating and set a target price of $68.00 for the company in a Monday, March 28 report. Three investment analysts gave the stock a hold rating, one gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $66.00.
In other Banner news, director David I. Matson sold 1,738 shares of the company in a trade on Monday, Jan. 31. The stock was sold at an average price of $61.06, for a total transaction of $106,122.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Vice Chairman Kenneth William Johnson sold 2,900 shares of the company in a trade on Monday, March 14. The shares were sold at an average price of $61.50, for a total value of $178,350.00. The disclosure of this sale can be found here. 1.46% of the shares are held by insiders.
Hedge funds have recently changed their positions in the stock. Yousif Capital Management LLC purchased a new position in Banner stock during Q4 worth $1,925,000. Congress Asset Management Co. MA increased its stake in Banner by 1.5% in the third quarter. Congress Asset Management Co. MA now owns 21,812 shares of the financial services provider valued at $1,204,000 after buying 326 additional shares in the last quarter. Buckingham Strategic Wealth LLC increased its position in Banner by 0.8% during the third quarter. Buckingham Strategic Wealth LLC now owns 25,670 shares of the financial services provider worth $1,417,000 after purchasing an additional 198 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Banner in Q3 worth approximately $221,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Banner stock during Q3 valued at approximately $2,280,000. 83.75% of the shares are held by hedge funds and other institutional investors.
BANR opened at $53.70 on Friday. The company has a debt ratio of 0.11, a current ratio of 0.78 and a quick ratio of 0.77. Banner has a 12-month low of $49.10 and a 12-month high of $66.79. The stock has a market capitalization of $1.84 billion, a P/E ratio of 9.40 and a beta of 1.05. The company has a 50-day simple moving average of $48.89 and a 200-day simple moving average of $40.11.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 13. Shareholders of record on Tuesday, May 3 will receive a dividend of $0.44 per share. This represents an annualized dividend of $1.76 and a dividend yield of 3.28%. The ex-date of this dividend is Monday, May 2. Banner’s dividend payout ratio (DPR) is currently 30.82%.
Company profile banner (Get a rating)
Banner Corporation operates as a bank holding company for Banner Bank which provides 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 cash management services and savings plans. pension saving.
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