Banner (BANR) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Banner (NASDAQ:BANR) from a buy rating to a hold rating in a report published on Wednesday.

BANR has been the topic of several other reports. Zacks Investment Research lowered Banner from a strong-buy rating to a hold rating in a research report on Tuesday, January 15th. ValuEngine lowered Banner from a hold rating to a sell rating in a research report on Thursday, January 10th. Finally, Stephens restated a hold rating and issued a $56.00 target price on shares of Banner in a research note on Wednesday, December 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $62.40.

Get Banner alerts:

NASDAQ:BANR opened at $57.37 on Wednesday. The firm has a market cap of $1.85 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Banner has a 1-year low of $48.50 and a 1-year high of $67.11. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.44.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $139.16 million for the quarter, compared to analyst estimates of $134.25 million. Banner had a return on equity of 10.44% and a net margin of 24.90%. Equities research analysts predict that Banner will post 4.35 EPS for the current year.

In other Banner news, Director John R. Layman sold 1,500 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $57.81, for a total value of $86,715.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cheryl R. Bishop sold 11,943 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $63.62, for a total value of $759,813.66. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new stake in shares of Banner during the 4th quarter worth about $816,000. Geode Capital Management LLC boosted its stake in shares of Banner by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 366,324 shares of the financial services provider’s stock worth $19,591,000 after acquiring an additional 16,062 shares in the last quarter. Norges Bank bought a new stake in shares of Banner during the 4th quarter worth about $24,271,000. FMR LLC boosted its stake in shares of Banner by 15.8% during the 4th quarter. FMR LLC now owns 855,555 shares of the financial services provider’s stock worth $45,755,000 after acquiring an additional 116,455 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Banner during the 4th quarter worth about $3,852,000. Institutional investors own 89.78% of the company’s stock.

About Banner

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)