Banner (NASDAQ:BANR) Announces Earnings Results, Beats Estimates By $0.11 EPS

Banner (NASDAQ:BANR) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11, Zacks reports. Banner had a return on equity of 10.22% and a net margin of 20.28%.

Banner Stock Performance

NASDAQ:BANR opened at $70.17 on Thursday. The company has a market capitalization of $2.42 billion, a PE ratio of 14.68 and a beta of 1.09. The company has a 50 day simple moving average of $70.49 and a two-hundred day simple moving average of $63.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.85. Banner has a fifty-two week low of $42.00 and a fifty-two week high of $78.05.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Tuesday, November 5th. Banner’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BANR shares. Keefe, Bruyette & Woods increased their target price on shares of Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James increased their target price on shares of Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. DA Davidson increased their target price on shares of Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Piper Sandler set a $67.00 target price on shares of Banner in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.00.

Insider Buying and Selling at Banner

In other Banner news, VP James P.G. Mclean sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the transaction, the vice president now directly owns 21,868 shares in the company, valued at approximately $1,653,876.84. This represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% 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.