Banner Co. (NASDAQ:BANR) Receives $52.80 Average Target Price from Analysts

Banner Co. (NASDAQ:BANR) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.20.

A number of brokerages recently weighed in on BANR. Keefe, Bruyette & Woods decreased their price target on shares of Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. DA Davidson decreased their price target on shares of Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Raymond James upped their price target on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Stephens decreased their price target on shares of Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Piper Sandler decreased their price target on shares of Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, April 19th.

Banner Stock Up 1.8 %

Shares of NASDAQ BANR opened at $46.05 on Friday. The firm has a fifty day moving average of $45.41 and a 200-day moving average of $46.56. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.24. Banner has a 52-week low of $39.31 and a 52-week high of $55.66. The stock has a market capitalization of $1.58 billion, a PE ratio of 9.57 and a beta of 1.03.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be given a $0.48 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 4.17%. Banner’s payout ratio is currently 39.92%.

Hedge Funds Weigh In On Banner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BANR. Victory Capital Management Inc. boosted its position in Banner by 247.2% in the 4th quarter. Victory Capital Management Inc. now owns 641,701 shares of the financial services provider’s stock valued at $34,370,000 after buying an additional 456,868 shares during the last quarter. Norges Bank purchased a new position in Banner in the 4th quarter valued at about $12,097,000. Hsbc Holdings PLC boosted its position in Banner by 2,700.2% in the 4th quarter. Hsbc Holdings PLC now owns 221,243 shares of the financial services provider’s stock valued at $11,861,000 after buying an additional 213,342 shares during the last quarter. Channing Capital Management LLC acquired a new stake in shares of Banner in the 4th quarter valued at about $8,293,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Banner by 9.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 820,511 shares of the financial services provider’s stock valued at $43,947,000 after purchasing an additional 70,143 shares in the last quarter. 87.33% of the stock is owned by hedge funds and other institutional investors.

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.