Banner Co. (NASDAQ:BANR) Given Average Rating of “Moderate Buy” by Analysts

Banner Co. (NASDAQ:BANRGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $51.20.

Several research analysts recently weighed in on BANR shares. Piper Sandler lowered their price objective on Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Raymond James raised their price target on Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods lowered their price target on Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Stephens lowered their price target on Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, DA Davidson lowered their price target on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, April 19th.

Read Our Latest Research Report on Banner

Institutional Trading of Banner

A number of hedge funds and other institutional investors have recently bought and sold shares of BANR. CWM LLC raised its stake in Banner by 923.0% in the third quarter. CWM LLC now owns 757 shares of the financial services provider’s stock valued at $32,000 after buying an additional 683 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Banner during the third quarter worth about $690,000. Ziegler Capital Management LLC increased its position in shares of Banner by 0.9% during the third quarter. Ziegler Capital Management LLC now owns 186,958 shares of the financial services provider’s stock worth $7,923,000 after purchasing an additional 1,735 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Banner during the third quarter worth about $34,000. Finally, Hennessy Advisors Inc. increased its position in shares of Banner by 33.3% during the third quarter. Hennessy Advisors Inc. now owns 20,000 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 5,000 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Banner Price Performance

NASDAQ:BANR opened at $46.05 on Friday. Banner has a one year low of $39.31 and a one year high of $55.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $1.58 billion, a PE ratio of 9.57 and a beta of 1.03. The stock has a 50 day moving average price of $45.41 and a 200 day moving average price of $46.56.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, April 29th. Banner’s dividend payout ratio is presently 39.92%.

Banner Company Profile

(Get Free Report

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.

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Analyst Recommendations for Banner (NASDAQ:BANR)

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