BidaskClub cut shares of Banner (NASDAQ:BANR) from a sell rating to a strong sell rating in a research report report published on Friday morning.
Several other analysts also recently weighed in on BANR. Zacks Investment Research upgraded Banner from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Wednesday, January 16th. ValuEngine downgraded Banner from a hold rating to a sell rating in a research report on Thursday. Finally, Stephens reaffirmed a hold rating and set a $56.00 target price on shares of Banner in a research note on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Banner has an average rating of Hold and a consensus target price of $62.40.
NASDAQ BANR traded down $1.63 during trading on Friday, hitting $51.97. The stock had a trading volume of 239,119 shares, compared to its average volume of 205,795. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.95. Banner has a 12 month low of $48.50 and a 12 month high of $67.11.
Banner (NASDAQ:BANR) last released its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $139.16 million for the quarter, compared to analyst estimates of $134.25 million. Banner had a return on equity of 10.43% and a net margin of 24.90%. On average, equities research analysts forecast that Banner will post 4.35 EPS for the current year.
In related news, Director Cheryl R. Bishop sold 11,943 shares of Banner stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $63.62, for a total transaction of $759,813.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.76% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can raised its stake in shares of Banner by 18.1% in the fourth 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 during the period. Man Group plc boosted its stake 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 purchasing an additional 76,796 shares during the last quarter. Chicago Equity Partners LLC lifted its holdings in shares of 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 during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Banner by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,662,581 shares of the financial services provider’s stock valued at $165,533,000 after buying an additional 73,201 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Banner by 81.7% during the 3rd quarter. Morgan Stanley now owns 154,379 shares of the financial services provider’s stock valued at $9,598,000 after buying an additional 69,394 shares during the period. Hedge funds and other institutional investors own 82.43% of the company’s stock.
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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