Banner Co. (NASDAQ:BANR – Get Free Report) announced a quarterly dividend on Saturday, August 3rd, Zacks reports. Investors of record on Tuesday, August 6th will be given a dividend of 0.48 per share by the financial services provider on Friday, August 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, August 6th.
Banner has raised its dividend by an average of 5.4% annually over the last three years. Banner has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banner to earn $4.94 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.9%.
Banner Trading Down 3.0 %
NASDAQ BANR opened at $54.88 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of 11.41 and a beta of 1.06. Banner has a fifty-two week low of $39.31 and a fifty-two week high of $61.77. The stock has a 50 day simple moving average of $50.77 and a two-hundred day simple moving average of $47.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 0.85.
Analyst Ratings Changes
Read Our Latest Stock Analysis on BANR
About Banner
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.
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