Media headlines about Banner (NASDAQ:BANR) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Banner earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8332650790705 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Reebok payouts for UFC 224: Amanda Nunes breaks sponsorship bank (mmamania.com)
- BidaskClub Lowers Banner (BANR) to Hold (americanbankingnews.com)
- Local employee named among bank’s best (redbluffdailynews.com)
- IDBI bank officers, employees to stage 4 day dharna from May 16 (news.webindia123.com)
- German bank uses bitcoin for international money transfers (siliconangle.com)
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Banner from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Zacks Investment Research upgraded shares of Banner from a “sell” rating to a “hold” rating in a report on Thursday, April 26th. Stephens restated a “hold” rating and issued a $60.00 price objective on shares of Banner in a report on Tuesday, April 24th. Sandler O’Neill restated a “buy” rating on shares of Banner in a report on Friday, January 26th. Finally, Piper Jaffray restated a “hold” rating and issued a $58.00 price objective on shares of Banner in a report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Banner has an average rating of “Hold” and a consensus price target of $60.25.
Shares of BANR opened at $58.11 on Friday. Banner has a twelve month low of $52.07 and a twelve month high of $62.75. The firm has a market capitalization of $1.91 billion, a PE ratio of 19.43, a PEG ratio of 1.69 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32.
Banner (NASDAQ:BANR) last announced its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.08. Banner had a net margin of 12.85% and a return on equity of 8.00%. The firm had revenue of $118.74 million for the quarter, compared to analyst estimates of $118.23 million. equities analysts expect that Banner will post 3.51 EPS for the current year.
Banner announced that its Board of Directors has approved a stock buyback program on Wednesday, March 28th that authorizes the company to buyback 1,620,000 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 19th. Investors of record on Tuesday, April 10th were paid a dividend of $0.35 per share. This is a positive change from Banner’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Monday, April 9th. Banner’s dividend payout ratio (DPR) is currently 46.82%.
In related news, VP Steven W. Rust sold 511 shares of Banner stock in a transaction on Friday, April 27th. The shares were sold at an average price of $57.82, for a total transaction of $29,546.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kenneth A. Larsen sold 884 shares of Banner stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $57.53, for a total transaction of $50,856.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,807 shares of company stock worth $104,158 over the last quarter. 1.71% of the stock is owned by company insiders.
Banner Company Profile
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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