Banner Co. (NASDAQ:BANR) Receives $67.00 Consensus PT from Analysts

Banner Co. (NASDAQ:BANR) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $74.20.

A number of equities research analysts recently commented on BANR shares. Piper Sandler set a $67.00 price objective on shares of Banner in a research report on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $82.00 price target on shares of Banner in a research note on Thursday. Keefe, Bruyette & Woods increased their price objective on Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson boosted their target price on shares of Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Raymond James increased their price target on shares of Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd.

Banner Price Performance

Banner stock opened at $69.51 on Friday. The business has a 50 day simple moving average of $70.28 and a 200-day simple moving average of $63.76. Banner has a 12 month low of $42.00 and a 12 month high of $78.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $2.40 billion, a PE ratio of 14.24 and a beta of 1.09.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.11%. Equities analysts predict that Banner will post 4.89 earnings per share for the current year.

Banner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be given a $0.48 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.76%. Banner’s dividend payout ratio is presently 39.34%.

Insider Activity at Banner

In other news, VP James P.G. Mclean sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $75.63, for a total value of $113,445.00. Following the sale, the vice president now directly owns 21,868 shares in the company, valued at $1,653,876.84. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Banner

A number of institutional investors and hedge funds have recently bought and sold shares of BANR. Financial Life Planners acquired a new position in shares of Banner in the fourth quarter worth $32,000. KBC Group NV raised its stake in Banner by 46.0% in the 4th quarter. KBC Group NV now owns 1,656 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 522 shares during the last quarter. USA Financial Formulas purchased a new position in Banner in the 4th quarter valued at about $32,000. Diversified Trust Co lifted its holdings in Banner by 9.6% in the 4th quarter. Diversified Trust Co now owns 11,211 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 978 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Banner by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider’s stock worth $24,413,000 after purchasing an additional 29,174 shares during the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Banner Company Profile

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.