Banner (BANR) Expected to Announce Earnings on Wednesday

Banner (NASDAQ:BANR) is anticipated to release its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Banner to post earnings of $1.22 per share and revenue of $156,089.20 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Banner Stock Up 0.4 %

Shares of NASDAQ BANR opened at $70.11 on Tuesday. Banner has a 12-month low of $42.00 and a 12-month high of $78.05. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.42 billion, a PE ratio of 14.67 and a beta of 1.09. The company has a 50-day moving average of $70.67 and a 200 day moving average of $63.19.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.48 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.92 annualized dividend and a yield of 2.74%. Banner’s payout ratio is 40.17%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BANR. Keefe, Bruyette & Woods lifted their price objective on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler set a $67.00 price objective on shares of Banner in a research report on Thursday, October 17th. DA Davidson upped their price objective on Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Raymond James upped their target price on shares of Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Banner currently has a consensus rating of “Hold” and an average target price of $67.00.

Insider Buying and Selling at Banner

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 transaction of $113,445.00. Following the transaction, the vice president now directly owns 21,868 shares of the company’s stock, valued at approximately $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.