Earnings per share of $1.09 expected for Banner Co. (NASDAQ:BANR) this quarter

Stock analysts expect Banner Co. (NASDAQ:BANR – Get Rating) to report earnings of $1.09 per share for the current quarter, Zacks reports. Three analysts have made estimates of Banner’s earnings. The highest EPS estimate is $1.13 and the lowest is $1.03. Banner posted earnings of $1.33 per share in the same quarter last year, indicating a negative 18% year-over-year growth rate. The company is expected to release its next quarterly results after the market closes on Monday, January 1.

According to Zacks, analysts expect Banner to report annual earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.90. For next year, analysts expect the company to post earnings of $5.46 per share, with EPS estimates ranging from $5.30 to $5.85. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who cover Banner.

Banner (NASDAQ:BANR – Get Rating) last released its quarterly earnings data on Thursday, January 20. The financial services provider reported earnings per share of $1.47 for the quarter, beating the Zacks consensus estimate of $1.20 by $0.27. Banner had a net margin of 32.62% and a return on equity of 12.42%. The company posted revenue of $146.00 million for the quarter, compared to $144.64 million expected by analysts. During the same quarter last year, the company achieved EPS of $1.08.

A number of brokerages have recently released reports on BANR. Raymond James raised his price target on Banner shares from $68.00 to $72.00 and gave the company a “Strong Buy” rating in a Monday, January 24 research report. StockNews.com began covering Banner shares in a research report on Thursday, March 31. They issued a “holding” rating for the company. Finally, Zacks Investment Research upgraded Banner shares from a “hold” rating to a “buy” rating and set a price target of $68.00 for the company in a Monday, March 28 research report.

In other news, Director David I. Matson sold 1,738 shares of Banner in a trade dated Monday, Jan. 31. The shares were sold at an average price of $61.06, for a total value of $106,122.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Vice Chairman Kenneth William Johnson sold 2,900 shares of Banner in a trade dated Monday, March 14. The stock was sold at an average price of $61.50, for a total transaction of $178,350.00. The disclosure of this sale can be found here. Insiders own 1.37% of the shares of the company.

Several institutional investors have recently changed their positions in BANR. Acadian Asset Management LLC purchased a new equity stake in Banner during Q4 valued at approximately $35,000. Point72 Hong Kong Ltd purchased a new stake in Banner stock during Q3, valued at approximately $90,000. PNC Financial Services Group Inc. increased its holdings of Banner stock by 32.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,113 shares of the financial services provider valued at $117,000 after buying 513 additional shares in the last quarter. Orchard Capital Management LLC purchased a new stake in Banner stock during Q4, valued at approximately $204,000. Finally, 6 Meridian purchased a new equity stake in Banner during Q3 valued at approximately $207,000. 83.75% of the shares are currently held by institutional investors.

BANR rose $0.10 on Wednesday, hitting $55.36. The company had a trading volume of 4,783 shares, compared to an average volume of 179,596. The company has a fifty-day moving average of $40.44 and a 200-day moving average of $37.53. The company has a market capitalization of $1.90 billion, a P/E ratio of 9.55 and a beta of 1.05. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt ratio of 0.32. Banner has a 1-year low of $49.10 and a 1-year high of $66.79.

The company also recently declared a quarterly dividend, which was paid on Monday, February 14. Investors of record on Thursday, February 3 received a dividend of $0.44. This represents a dividend of $1.76 on an annualized basis and a dividend yield of 3.18%. This is a boost from Banner’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, February 2. Banner’s payout ratio is currently 30.50%.

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Banner Corporation operates as a bank holding company for Banner Bank which provides 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 cash management services and savings plans. pension saving.

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