Banner Corporation (NASDAQ:BANR) Declares Quarterly Dividend of $0.52

Banner Corporation (NASDAQ:BANR) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be paid a dividend of $0.52 per share by the financial services provider on Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, November 5th.

Banner has decreased its dividend by an average of 0.1% annually over the last three years. Banner has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $6.79 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 30.6%.

Banner Stock Performance

BANR traded up $0.77 during mid-day trading on Thursday, reaching $68.82. 83,911 shares of the company traded hands, compared to its average volume of 298,788. The company’s fifty day moving average price is $69.51 and its 200-day moving average price is $67.63. The stock has a market capitalization of $2.34 billion, a P/E ratio of 11.37 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. Banner has a 52-week low of $57.05 and a 52-week high of $74.84.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. The company had revenue of $179.07 million during the quarter, compared to analyst estimates of $184.24 million. Banner had a net margin of 23.55% and a return on equity of 10.72%. On average, sell-side analysts expect that Banner will post 6.15 EPS for the current year.

About Banner

Banner Corporation (NASDAQ: BANR) is a bank holding company headquartered in Walla Walla, Washington. Through its principal subsidiary, Banner Bank, the company provides banking and financial services to individuals, families, businesses and communities in the Pacific Northwest.

Banner Bank offers deposit products, residential and commercial real estate lending, construction and land development loans, commercial and industrial financing, agricultural loans, consumer loans and home equity products.