Equities analysts expect Banner Co. (NASDAQ:BANR) to post earnings per share (EPS) of $1.04 for the current quarter, Zacks reports. Four analysts have made estimates for Banner’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.09. Banner posted earnings per share of $0.89 in the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The firm is scheduled to announce its next earnings report on Monday, April 22nd.

On average, analysts expect that Banner will report full-year earnings of $4.35 per share for the current year, with EPS estimates ranging from $4.20 to $4.55. For the next fiscal year, analysts forecast that the company will report earnings of $4.52 per share, with EPS estimates ranging from $4.30 to $4.60. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Banner.

Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. Banner had a net margin of 24.90% and a return on equity of 10.43%. The business had revenue of $139.16 million during the quarter, compared to analysts’ expectations of $134.25 million.

BANR has been the subject of a number of recent research reports. BidaskClub raised shares of Banner from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Zacks Investment Research raised shares of Banner from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, February 5th. Stephens reissued a “hold” rating and issued a $56.00 price objective on shares of Banner in a research note on Wednesday, December 19th. Finally, ValuEngine cut shares of Banner from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.40.

In related news, Director Cheryl R. Bishop sold 11,943 shares of Banner stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $63.62, for a total transaction of $759,813.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.76% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its holdings in Banner by 18.1% during the 4th quarter. Bank of Montreal Can now owns 84,780 shares of the financial services provider’s stock valued at $4,533,000 after buying an additional 13,000 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in Banner by 1.0% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 145,710 shares of the financial services provider’s stock valued at $9,058,000 after buying an additional 1,377 shares in the last quarter. Man Group plc lifted its holdings in Banner by 161.3% during the 3rd quarter. Man Group plc now owns 124,421 shares of the financial services provider’s stock valued at $7,736,000 after buying an additional 76,796 shares in the last quarter. Chicago Equity Partners LLC lifted its holdings in Banner by 28.5% during the 4th quarter. Chicago Equity Partners LLC now owns 55,245 shares of the financial services provider’s stock valued at $2,955,000 after buying an additional 12,260 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Banner during the 3rd quarter valued at about $577,000. 89.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:BANR opened at $57.51 on Tuesday. Banner has a 52 week low of $48.50 and a 52 week high of $67.11. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.93.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which 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.

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Earnings History and Estimates for Banner (NASDAQ:BANR)

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