$1.05 Earnings Per Share Expected for Banner Co. (NASDAQ:BANR) This Quarter

Equities analysts predict that Banner Co. (NASDAQ:BANR) will announce earnings per share (EPS) of $1.05 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Banner’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.00. Banner posted earnings of $1.00 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The company is expected to report its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Banner will report full-year earnings of $4.05 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.12. For the next fiscal year, analysts forecast that the firm will report earnings of $4.26 per share, with EPS estimates ranging from $4.05 to $4.54. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Banner.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). The firm had revenue of $134.23 million for the quarter, compared to analyst estimates of $139.04 million. Banner had a return on equity of 10.39% and a net margin of 24.74%.

BANR has been the subject of a number of research reports. DA Davidson increased their target price on shares of Slack to $31.00 and gave the stock an “average” rating in a report on Tuesday, June 11th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday. Raymond James set a $60.00 target price on shares of Banner and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Banner presently has an average rating of “Hold” and a consensus price target of $61.50.

Banner stock traded up $0.36 during trading hours on Friday, reaching $54.59. 73,277 shares of the stock were exchanged, compared to its average volume of 183,675. The company has a market cap of $1.92 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 0.94. Banner has a twelve month low of $48.50 and a twelve month high of $67.11. The stock has a 50 day moving average price of $52.89.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th will be issued a $0.41 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.00%. Banner’s dividend payout ratio (DPR) is currently 40.10%.

In other news, VP Steven W. Rust sold 491 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $53.39, for a total value of $26,214.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.51% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of BANR. Public Employees Retirement System of Ohio raised its holdings in Banner by 47.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 563 shares of the financial services provider’s stock valued at $30,000 after buying an additional 182 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Banner by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,204 shares of the financial services provider’s stock valued at $661,000 after buying an additional 220 shares during the last quarter. Mason Street Advisors LLC raised its holdings in Banner by 2.5% in the 1st quarter. Mason Street Advisors LLC now owns 10,034 shares of the financial services provider’s stock valued at $544,000 after buying an additional 247 shares during the last quarter. Texas Permanent School Fund raised its holdings in Banner by 1.4% in the 4th quarter. Texas Permanent School Fund now owns 20,622 shares of the financial services provider’s stock valued at $1,103,000 after buying an additional 281 shares during the last quarter. Finally, Comerica Bank raised its holdings in Banner by 1.2% in the 1st quarter. Comerica Bank now owns 31,266 shares of the financial services provider’s stock valued at $1,726,000 after buying an additional 360 shares during the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.

Read More: How accurate is the Rule of 72?

Get a free copy of the Zacks research report on Banner (BANR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Banner (NASDAQ:BANR)

Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.