Banner (NASDAQ:BANR) Posts Earnings Results, Beats Expectations By $0.06 EPS

Banner (NASDAQ:BANR) released its quarterly earnings data on Wednesday. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.06, Zacks reports. Banner had a return on equity of 10.03% and a net margin of 20.28%. The business had revenue of $159.88 million during the quarter, compared to the consensus estimate of $159.72 million. During the same quarter in the prior year, the company posted $1.22 earnings per share.

Banner Stock Down 0.3 %

Shares of BANR stock opened at $59.68 on Thursday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 12.23 and a beta of 0.94. Banner has a 12-month low of $42.00 and a 12-month high of $78.05. The firm has a fifty day moving average of $64.08 and a 200-day moving average of $67.01. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.22%. Banner’s dividend payout ratio (DPR) is presently 39.34%.

Analysts Set New Price Targets

A number of analysts have recently commented on BANR shares. Stephens reaffirmed an “overweight” rating and issued a $82.00 price target on shares of Banner in a research note on Thursday, January 23rd. DA Davidson upped their target price on shares of Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.20.

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.