Banner (NASDAQ:BANR) overweight at Stephens

Banner (NASDAQ:BANR – Get a rating) was upgraded by Stephens Equity Research analysts from a “weighted” rating to an “overweight” rating in a research report released Friday to clients and investors, Fly reports.

BANR has been the subject of a number of other research reports. StockNews.com threw a blanket on Banner in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Raymond James cut his price target on Banner from $72.00 to $70.00 and set a “Strong Buy” rating on the stock in a Friday, April 22 research note.

Banner stock opened at $52.59 on Friday. Banner has a 12-month low of $49.10 and a 12-month high of $66.79. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt ratio of 0.28. The company’s 50-day moving average price is $56.13 and its two-hundred-day moving average price is $49.64. The stock has a market capitalization of $1.81 billion, a PE ratio of 9.21 and a beta of 1.03.

Banner (NASDAQ:BANR – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $1.33 for the quarter, beating analyst consensus estimates of $1.09 by $0.24. Banner had a return on equity of 12.47% and a net margin of 32.46%. The company posted revenue of $138.08 million for the quarter, compared to $136.20 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $1.33. As a group, analysts expect Banner to post earnings per share of 5.21 for the current year.

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Separately, director Roberto R. Herencia acquired 1,800 shares of the company in a transaction that took place on Monday, May 2. The shares were purchased at an average cost of $54.73 per share, with a total value of $98,514.00. Following the completion of the purchase, the administrator now directly owns 8,628 shares of the company, valued at $472,210.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. 1.46% of the shares are held by insiders.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Banner shares by 1.5% in the first quarter. BlackRock Inc. now owns 5,045,063 shares of the financial services provider worth $295,288,000 after acquiring an additional 72,304 shares during the period. Vanguard Group Inc. increased its stake in Banner by 1.9% in the first quarter. Vanguard Group Inc. now owns 3,854,556 shares of the financial services provider valued at $225,607,000 after purchasing an additional 71,559 shares during the period. Dimensional Fund Advisors LP increased its stake in Banner by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,311,340 shares of the financial services provider valued at $135,284,000 after purchasing an additional 30,439 shares during the period. State Street Corp increased its stake in Banner by 7.4% in the first quarter. State Street Corp now owns 1,821,229 shares of the financial services provider valued at $106,597,000 after purchasing an additional 124,919 shares during the period. Finally, TENOR CAPITAL MANAGEMENT Co. LP acquired a new position in Banner in the fourth quarter valued at approximately $14,494,000. 85.00% of the shares are currently held by institutional investors.

Company profile banner (Get a rating)

Banner Corporation operates as a bank holding company for Banner Bank which provides 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 cash management services and savings plans. pension saving.

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