Banner (BANR) Projected to Post Earnings on Wednesday

Banner (NASDAQ:BANR) is projected to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $159.72 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, analysts expect Banner to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Banner Price Performance

Shares of BANR stock opened at $58.12 on Tuesday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 11.91 and a beta of 0.94. Banner has a 12 month low of $42.00 and a 12 month high of $78.05. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $64.51 and a 200 day moving average price of $67.12.

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner’s dividend payout ratio (DPR) is presently 39.34%.

Wall Street Analysts Forecast Growth

BANR has been the topic of several analyst reports. DA Davidson increased their price objective on shares of Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Stephens reissued an “overweight” rating and issued a $82.00 price target on shares of Banner in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.20.

Banner Company Profile

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.