Banner (NASDAQ:BANR) Given New $69.00 Price Target at DA Davidson

Banner (NASDAQ:BANR) had its price target upped by DA Davidson from $60.00 to $69.00 in a research note published on Friday, MarketBeat reports. They currently have a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for Banner’s Q4 2024 earnings at $1.26 EPS and FY2025 earnings at $4.90 EPS.

Several other equities analysts have also issued reports on BANR. Raymond James boosted their price target on Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott lowered Banner from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Piper Sandler upped their target price on Banner from $51.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Stephens reaffirmed an “overweight” rating and set a $53.00 target price on shares of Banner in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.60.

Banner Price Performance

Shares of BANR opened at $66.75 on Friday. Banner has a 52-week low of $39.31 and a 52-week high of $68.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50 day moving average price is $59.02 and its two-hundred day moving average price is $52.32. The firm has a market cap of $2.30 billion, a PE ratio of 13.88 and a beta of 1.05.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.12. Banner had a return on equity of 10.89% and a net margin of 20.93%. The firm had revenue of $213.90 million for the quarter, compared to analyst estimates of $152.95 million. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, equities analysts anticipate that Banner will post 4.71 EPS for the current year.

Banner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.92 annualized dividend and a yield of 2.88%. Banner’s dividend payout ratio (DPR) is currently 39.92%.

Institutional Investors Weigh In On Banner

Several institutional investors have recently bought and sold shares of BANR. EntryPoint Capital LLC grew its holdings in Banner by 100.9% during the first quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock worth $53,000 after buying an additional 558 shares in the last quarter. Innealta Capital LLC bought a new position in Banner in the 2nd quarter valued at $53,000. CWM LLC grew its stake in Banner by 60.1% in the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 715 shares during the period. Quest Partners LLC bought a new position in Banner in the 2nd quarter valued at $152,000. Finally, SG Americas Securities LLC bought a new position in Banner in the 1st quarter valued at $202,000. Institutional investors own 87.33% of the company’s stock.

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.