Banner Corporation (NASDAQ:BANR) Plans Quarterly Dividend of $0.50

Banner Corporation (NASDAQ:BANRGet Free Report) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Tuesday, February 3rd will be given a dividend of 0.50 per share by the financial services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Banner has raised its dividend by an average of 0.0%annually over the last three years. Banner has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $5.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.3%.

Banner Stock Up 2.9%

Shares of Banner stock opened at $66.03 on Thursday. The business has a 50-day moving average price of $64.10 and a 200 day moving average price of $64.40. Banner has a fifty-two week low of $54.01 and a fifty-two week high of $72.58. The firm has a market cap of $2.25 billion, a P/E ratio of 12.03 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16.

Banner (NASDAQ:BANRGet Free Report) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.46 by $0.09. Banner had a return on equity of 10.32% and a net margin of 21.80%.The company had revenue of $169.90 million during the quarter, compared to analyst estimates of $173.23 million. On average, sell-side analysts forecast that Banner will post 5.23 earnings per share for the current fiscal year.

About Banner

(Get Free Report)

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.

Further Reading

Dividend History for Banner (NASDAQ:BANR)

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