Banner (NASDAQ:BANR) Releases Earnings Results

Banner (NASDAQ:BANR) issued its earnings results on Tuesday. The financial services provider reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.45, MarketWatch Earnings reports. Banner had a return on equity of 8.88% and a net margin of 23.72%.

NASDAQ:BANR traded up $0.47 during trading hours on Thursday, hitting $52.57. 580 shares of the company were exchanged, compared to its average volume of 152,382. The company has a market cap of $1.83 billion, a PE ratio of 12.62 and a beta of 1.14. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. Banner has a one year low of $30.05 and a one year high of $60.42. The business’s fifty day moving average is $55.81.

In related news, VP Peter Conner sold 900 shares of the firm’s stock in a transaction on Thursday, June 10th. The stock was sold at an average price of $58.12, for a total transaction of $52,308.00. Following the completion of the transaction, the vice president now directly owns 42,730 shares of the company’s stock, valued at approximately $2,483,467.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Banner from a “buy” rating to a “hold” rating in a report on Thursday, July 1st. Raymond James increased their price target on Banner from $63.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Friday, May 21st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.25.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank that provide 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.

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Earnings History for Banner (NASDAQ:BANR)

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