Banner (BANR) Projected to Post Earnings on Wednesday

Banner (NASDAQ:BANR) is expected to be announcing its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $159.72 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) 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 10.03%. On average, analysts expect Banner to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Banner Stock Performance

NASDAQ BANR opened at $57.20 on Wednesday. The company has a 50-day simple moving average of $65.75 and a two-hundred day simple moving average of $67.16. Banner has a 12-month low of $42.00 and a 12-month high of $78.05. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 11.72 and a beta of 0.94. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.48 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a yield of 3.36%. Banner’s dividend payout ratio (DPR) is currently 39.34%.

Wall Street Analyst Weigh In

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

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.