Banner (BANR) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Banner (NASDAQ:BANR) from a hold rating to a sell rating in a research report report published on Wednesday morning.

BANR has been the subject of several other research reports. Sandler O’Neill reissued a buy rating and issued a $70.00 target price on shares of Banner in a research report on Monday, July 30th. Zacks Investment Research raised Banner from a hold rating to a buy rating and set a $69.00 target price for the company in a research report on Tuesday, June 26th. BidaskClub lowered Banner from a hold rating to a sell rating in a research report on Saturday, September 29th. Stephens reissued a hold rating and issued a $68.00 target price on shares of Banner in a research report on Thursday, September 6th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $61.00 target price on shares of Banner in a research report on Friday, July 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $65.20.

Shares of NASDAQ:BANR traded down $0.42 during trading on Wednesday, hitting $57.62. The stock had a trading volume of 149,477 shares, compared to its average volume of 169,759. Banner has a 12 month low of $52.10 and a 12 month high of $67.11. The firm has a market capitalization of $1.86 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 0.93.



Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.25. Banner had a return on equity of 9.74% and a net margin of 16.08%. The firm had revenue of $129.49 million during the quarter, compared to analyst estimates of $125.29 million. On average, equities analysts forecast that Banner will post 3.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Wednesday, October 10th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, October 9th. This is a positive change from Banner’s previous quarterly dividend of $0.35. Banner’s dividend payout ratio (DPR) is 50.84%.

A number of hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in Banner during the 2nd quarter valued at approximately $103,000. Swiss National Bank increased its position in Banner by 4.0% during the 2nd quarter. Swiss National Bank now owns 56,800 shares of the financial services provider’s stock valued at $3,415,000 after buying an additional 2,200 shares in the last quarter. Renaissance Technologies LLC increased its position in Banner by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 29,800 shares of the financial services provider’s stock valued at $1,792,000 after buying an additional 2,200 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Banner by 60.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,344 shares of the financial services provider’s stock valued at $352,000 after buying an additional 2,400 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in Banner by 19.3% during the 1st quarter. Guggenheim Capital LLC now owns 15,650 shares of the financial services provider’s stock valued at $869,000 after buying an additional 2,537 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.

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Analyst Recommendations for Banner (NASDAQ:BANR)

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