Equities Analysts Issue Forecasts for Banner FY2025 Earnings

Banner Co. (NASDAQ:BANR) – Stock analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Banner in a research report issued to clients and investors on Monday, April 21st. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $5.60 per share for the year, up from their prior estimate of $5.40. DA Davidson has a “Neutral” rating and a $76.00 price objective on the stock. The consensus estimate for Banner’s current full-year earnings is $5.23 per share. DA Davidson also issued estimates for Banner’s FY2026 earnings at $5.75 EPS.

Several other equities research analysts have also recently commented on BANR. Stephens reiterated an “overweight” rating and issued a $73.00 price target on shares of Banner in a research report on Monday. Raymond James reaffirmed an “outperform” rating and issued a $65.00 price target (down previously from $77.00) on shares of Banner in a report on Monday. Janney Montgomery Scott upgraded Banner from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods reduced their target price on Banner from $75.00 to $73.00 and set a “market perform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.83.

Banner Trading Down 1.3 %

Banner stock opened at $59.72 on Tuesday. Banner has a 12-month low of $43.63 and a 12-month high of $78.05. The stock has a market capitalization of $2.06 billion, a PE ratio of 12.24 and a beta of 0.94. The firm has a 50 day simple moving average of $63.55 and a 200-day simple moving average of $67.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.06. Banner had a net margin of 20.28% and a return on equity of 10.03%. 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 Dividend Announcement

The firm 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 dividend of $0.48 per share. The ex-dividend date is Tuesday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.22%. Banner’s dividend payout ratio is currently 37.72%.

Institutional Trading of Banner

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC raised its holdings in Banner by 10,213.3% in the 4th quarter. William Blair Investment Management LLC now owns 634,579 shares of the financial services provider’s stock worth $42,371,000 after acquiring an additional 628,426 shares during the period. Victory Capital Management Inc. boosted its stake in Banner by 28.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider’s stock valued at $113,619,000 after purchasing an additional 373,037 shares during the period. Raymond James Financial Inc. acquired a new stake in Banner in the 4th quarter valued at approximately $10,023,000. Fisher Asset Management LLC increased its position in Banner by 40.5% in the 4th quarter. Fisher Asset Management LLC now owns 398,166 shares of the financial services provider’s stock worth $26,586,000 after buying an additional 114,731 shares during the period. Finally, Norges Bank acquired a new position in shares of Banner during the fourth quarter worth approximately $6,075,000. Institutional investors and hedge funds 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.