Banner Corporation (BANR) Earns “Neutral” Rating from Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their neutral rating on shares of Banner Corporation (NASDAQ:BANR) in a research note published on Friday morning.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of Banner Corporation from a sell rating to a buy rating and set a $63.00 target price for the company in a research note on Monday, July 3rd. Stephens started coverage on shares of Banner Corporation in a research note on Wednesday, September 13th. They set an equal weight rating and a $60.00 target price for the company. BidaskClub raised shares of Banner Corporation from a sell rating to a hold rating in a research note on Saturday, August 5th. ValuEngine lowered shares of Banner Corporation from a buy rating to a hold rating in a research note on Tuesday, October 10th. Finally, DA Davidson lowered shares of Banner Corporation from a buy rating to a neutral rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $60.67.

Banner Corporation (BANR) opened at 56.60 on Friday. The stock’s 50 day moving average is $59.77 and its 200-day moving average is $56.70. The stock has a market capitalization of $1.88 billion, a PE ratio of 19.71 and a beta of 1.04. Banner Corporation has a 52 week low of $44.12 and a 52 week high of $62.75.

Banner Corporation (NASDAQ:BANR) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Banner Corporation had a net margin of 19.70% and a return on equity of 7.52%. The business had revenue of $120.55 million for the quarter, compared to analyst estimates of $123.58 million. Equities research analysts forecast that Banner Corporation will post $3.09 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Banner Corporation (BANR) Earns “Neutral” Rating from Piper Jaffray Companies” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/10/31/banner-corporation-banr-earns-neutral-rating-from-piper-jaffray-companies.html.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, October 6th. Banner Corporation’s dividend payout ratio is presently 34.01%.

In related news, VP Cynthia D. Purcell sold 1,007 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total transaction of $55,999.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $57.49, for a total transaction of $191,729.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,925 shares of company stock valued at $446,739. Company insiders own 1.71% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BANR. Creative Planning raised its holdings in shares of Banner Corporation by 4.6% during the second quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Banner Corporation by 236.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,500 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Banner Corporation by 182.8% during the second quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,462 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Banner Corporation by 11.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 300 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in shares of Banner Corporation by 200.0% during the second quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 2,352 shares during the period. Institutional investors and hedge funds own 88.61% of the company’s stock.

Banner Corporation Company Profile

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

What are top analysts saying about Banner Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Banner Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit