Banner (BANR) Projected to Post Quarterly Earnings on Wednesday

Banner (NASDAQ:BANR) is anticipated to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $159.72 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, analysts expect Banner to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Banner Trading Up 2.8 %

NASDAQ:BANR opened at $58.12 on Tuesday. The company has a market cap of $2.00 billion, a P/E ratio of 11.91 and a beta of 0.94. Banner has a twelve month low of $42.00 and a twelve month high of $78.05. The business has a 50 day moving average price of $64.51 and a two-hundred day moving average price of $67.12. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner’s payout ratio is 39.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BANR shares. DA Davidson lifted their price target on shares of Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Stephens reaffirmed an “overweight” rating and issued a $82.00 target price on shares of Banner in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.20.

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.