Banner CorpBANR
BANR
About: Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California, Idaho and Utah. Banner Bank also actively participates in the secondary loan markets, engaging in mortgage banking operations largely through the origination and sale of one to four family residential loans.
Employees: 3,894
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 21
22% more capital invested
Capital invested by funds: $1.52B [Q2] → $1.85B (+$328M) [Q3]
4% more funds holding
Funds holding: 193 [Q2] → 201 (+8) [Q3]
1.08% more ownership
Funds ownership: 89.1% [Q2] → 90.18% (+1.08%) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 70
100% less funds holding in top 10
Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$65
1%
downside
Avg. target
$72
9%
upside
High target
$81
23%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 55% 1-year accuracy 11 / 20 met price target | 23%upside $81 | Market Perform Maintained | 4 Dec 2024 |
DA Davidson Jeffrey Rulis 100% 1-year accuracy 1 / 1 met price target | 5%upside $69 | Neutral Maintained | 18 Oct 2024 |
Raymond James David Feaster 86% 1-year accuracy 18 / 21 met price target | 1%downside $65 | Outperform Maintained | 2 Oct 2024 |
Financial journalist opinion
Negative
Zacks Investment Research
4 days ago
Are Finance Stocks Lagging Banner (BANR) This Year?
Here is how Banner (BANR) and Berkshire Hathaway B (BRK.B) have performed compared to their sector so far this year.
Positive
Seeking Alpha
1 month ago
Banner Corporation: A Solid Quarter But No Longer A Buy (Rating Downgrade)
Banner Corporation's stock has surged 49% since June 2023, outperforming the S&P 500 by 16%, but is now slightly overvalued. Q3 2024 results showed mixed outcomes: GAAP EPS exceeded expectations, while revenues fell short, suggesting a hold rating is more appropriate. Banner's low-cost deposits and high-yield adjustable loans position it well, but rapid Fed rate cuts could pose risks to commercial loans.
Neutral
Seeking Alpha
2 months ago
Banner Corporation (BANR) Q3 2024 Earnings Call Transcript
Banner Corporation (NASDAQ:BANR ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Mark Grescovich - President and Chief Executive Officer Rich Arnold - Head of Investor Relations Rob Butterfield - Chief Financial Officer Jill Rice - Chief Credit Officer Conference Call Participants Andrew Terrell - Stephens, Inc Jeff Rulis - D.A. Davidson David Feaster - Raymond James Andrew Liesch - Piper Sandler Kelly Motta - KBW Timothy Coffey - Janney Montgomery Scott Operator Good morning or good afternoon, all, welcome to the Banner Corporation Third Quarter 2024 Conference Call and Webcast.
Neutral
Zacks Investment Research
2 months ago
Compared to Estimates, Banner (BANR) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Banner (BANR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 months ago
Banner (BANR) Surpasses Q3 Earnings and Revenue Estimates
Banner (BANR) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.43 per share a year ago.
Neutral
Business Wire
2 months ago
Banner Corporation Reports Net Income of $45.2 Million, or $1.30 Per Diluted Share, for Third Quarter 2024; Declares Quarterly Cash Dividend of $0.48 Per Share
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $45.2 million, or $1.30 per diluted share, for the third quarter of 2024, compared to $39.8 million, or $1.15 per diluted share, for the preceding quarter and $45.9 million, or $1.33 per diluted share, for the third quarter of 2023. Net interest income was $135.7 million in the third quarter of 2024, compared to $132.5 million in the preceding quarte.
Neutral
Zacks Investment Research
2 months ago
Stay Ahead of the Game With Banner (BANR) Q3 Earnings: Wall Street's Insights on Key Metrics
Evaluate the expected performance of Banner (BANR) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Neutral
Benzinga
2 months ago
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Neutral
Business Wire
2 months ago
Banner Corporation Announces Third Quarter 2024 Conference Call and Webcast
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today announced that it will report its third quarter results after the market closes on Wednesday, October 16, 2024. Management will host a conference call on Thursday, October 17, 2024, at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live at www.bannerbank.com. Investment.
Neutral
Business Wire
4 months ago
Banner Corporation Announces Stock Repurchase Program
WALLA WALLA, Wash.--(BUSINESS WIRE)--Banner Corporation (NASDAQ: BANR) (“Company”), the parent company of Banner Bank, today announced that its Board of Directors has authorized the repurchase of up to 1,722,787 shares of the Company's common stock, which is approximately 5% of its issued and outstanding common stock. “We believe our stock offers an attractive investment and repurchasing stock is a means for building long-term shareholder value,” said Mark J. Grescovich, President and Chief Exe.
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