What is DA Davidson’s Forecast for Banner FY2025 Earnings?

Banner Co. (NASDAQ:BANR) – DA Davidson raised their FY2025 earnings estimates for shares of Banner in a report issued on Friday, January 24th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $5.40 per share for the year, up from their prior estimate of $4.96. DA Davidson currently has a “Neutral” rating and a $76.00 price objective on the stock. The consensus estimate for Banner’s current full-year earnings is $4.89 per share.

Several other equities research analysts also recently weighed in on the stock. Piper Sandler set a $67.00 target price on shares of Banner in a research note on Thursday, October 17th. Raymond James upped their price target on Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Stephens reissued an “overweight” rating and issued a $82.00 price objective on shares of Banner in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.20.

Banner Stock Performance

Shares of Banner stock opened at $69.51 on Monday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 14.24 and a beta of 1.09. The firm’s fifty day simple moving average is $70.28 and its 200-day simple moving average is $63.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. Banner has a 12 month low of $42.00 and a 12 month high of $78.05.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.11%.

Banner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, February 4th. Banner’s dividend payout ratio (DPR) is 39.34%.

Insider Buying and Selling

In other news, VP James P.G. Mclean sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total value of $113,445.00. Following the completion of the transaction, the vice president now owns 21,868 shares in the company, valued at $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Institutional Trading of Banner

Several large investors have recently modified their holdings of BANR. Charles Schwab Investment Management Inc. raised its stake in Banner by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,330,064 shares of the financial services provider’s stock valued at $79,219,000 after purchasing an additional 43,398 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Banner by 1.5% in the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock worth $49,073,000 after acquiring an additional 11,808 shares in the last quarter. Versor Investments LP acquired a new stake in Banner in the 3rd quarter valued at $439,000. JPMorgan Chase & Co. lifted its stake in shares of Banner by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider’s stock worth $24,413,000 after purchasing an additional 29,174 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Banner by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider’s stock valued at $106,334,000 after buying an additional 193,434 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

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.