Analysts AwaitBanner Co. (BANR) Will Announce Revenue of $0.73 Per Share

Analysts AwaitBanner Co. (BANR) Will Announce Revenue of $0.73 Per Share

Equities research analysts expect Banner Co. (NASDAQ:BANR) to report $0.73 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Banner’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.69. Banner reported earnings per share of $0.67 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is scheduled to issue its next earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that Banner will report full-year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.07. For the next financial year, analysts forecast that the business will report earnings of $3.24 per share, with EPS estimates ranging from $3.00 to $3.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Banner.

A number of brokerages have weighed in on BANR. Zacks Investment Research lowered shares of Banner from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Piper Jaffray Companies decreased their target price on shares of Banner from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, April 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $53.80.

In other news, Director Gary Sirmon sold 3,333 shares of the company’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $55.00, for a total value of $183,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director D Michael Jones sold 1,399 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $57.58, for a total value of $80,554.42. The disclosure for this sale can be found here. Insiders sold a total of 9,178 shares of company stock valued at $518,029 over the last 90 days. 1.98% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. CWH Capital Management Inc. raised its stake in Banner by 1.3% in the third quarter. CWH Capital Management Inc. now owns 18,673 shares of the financial services provider’s stock valued at $817,000 after buying an additional 239 shares during the period. FFL Partners LLC bought a new stake in Banner during the fourth quarter valued at approximately $5,448,000. State Street Corp raised its stake in Banner by 40.5% in the fourth quarter. State Street Corp now owns 971,838 shares of the financial services provider’s stock valued at $54,236,000 after buying an additional 280,316 shares during the period. Comerica Bank raised its stake in Banner by 5.4% in the fourth quarter. Comerica Bank now owns 28,719 shares of the financial services provider’s stock valued at $1,651,000 after buying an additional 1,460 shares during the period. Finally, NWQ Investment Management Company LLC bought a new stake in Banner during the fourth quarter valued at approximately $18,147,000. Hedge funds and other institutional investors own 82.51% of the company’s stock.

Shares of Banner (BANR) traded down 0.15% during trading on Wednesday, reaching $53.96. The company’s stock had a trading volume of 152,510 shares. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.84 and a beta of 1.21. The firm’s 50-day moving average price is $55.08 and its 200-day moving average price is $55.45. Banner has a one year low of $38.77 and a one year high of $60.97.

About Banner

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BANR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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