Banner (BANR) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Banner (NASDAQ:BANR) in a research report report published on Friday morning. Keefe, Bruyette & Woods currently has a $58.00 price objective on the financial services provider’s stock.

BANR has been the subject of several other reports. Piper Jaffray Companies reiterated a neutral rating on shares of Banner in a report on Friday, October 27th. ValuEngine downgraded Banner from a buy rating to a hold rating in a report on Saturday, November 25th. Zacks Investment Research upgraded Banner from a sell rating to a hold rating in a report on Monday, January 1st. BidaskClub downgraded Banner from a buy rating to a hold rating in a report on Tuesday, December 12th. Finally, DA Davidson downgraded Banner from a buy rating to a neutral rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $60.50.

Shares of Banner (BANR) opened at $54.50 on Friday. Banner has a twelve month low of $51.61 and a twelve month high of $62.75. The stock has a market capitalization of $1,810.00, a price-to-earnings ratio of 29.78, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.95.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.08). Banner had a net margin of 12.02% and a return on equity of 7.55%. The company had revenue of $128.15 million during the quarter, compared to analyst estimates of $126.56 million. equities analysts anticipate that Banner will post 3.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Tuesday, January 9th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. Banner’s dividend payout ratio is presently 54.64%.

Several institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL grew its stake in shares of Banner by 1.8% during the second quarter. Tudor Investment Corp ET AL now owns 7,556 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 134 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Banner by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 17,384 shares of the financial services provider’s stock valued at $982,000 after acquiring an additional 237 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Banner 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 in the last quarter. Amalgamated Bank grew its stake in shares of Banner by 10.2% during the second quarter. Amalgamated Bank now owns 4,441 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 412 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew its stake in shares of Banner by 13.5% during the second quarter. Virtu KCG Holdings LLC now owns 4,245 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 505 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

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About Banner

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.

Analyst Recommendations for Banner (NASDAQ:BANR)

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