Fintel reports that on April 6, 2023,
Raymond James
maintained
coverage of Banner (NASDAQ:BANR) with
a Outperform recommendation.
Analyst Price Forecast Suggests 28.15% Upside
As of April 6, 2023,
the average one-year price target for Banner is $67.83.
The forecasts range from a low of $63.63 to a high of $73.50.
The average price target represents an increase of 28.15% from its latest reported closing price of $52.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Banner
is $633MM, an increase of 2.36%.
The projected annual non-GAAP EPS
is $6.56.
Banner Declares $0.48 Dividend
On January 19, 2023 the company declared a regular
quarterly dividend of $0.48 per share ($1.92 annualized).
Shareholders of record as of February 2, 2023
received the payment on February 13, 2023.
Previously, the company paid $0.44 per share.
At the current share price of $52.93 / share,
the stock’s dividend yield is 3.63%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.83%,
the lowest has been 2.27%,
and the highest has been 9.64%.
The standard deviation of yields is 1.65 (n=237).
The current dividend yield is
0.13 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.34.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.27%.
What are Other Shareholders Doing?
JNL SERIES TRUST – JNL
holds 8K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 10K shares, representing
a decrease
of 23.75%.
The firm
decreased
its portfolio allocation in BANR by 1.51% over the last quarter.
Teacher Retirement System Of Texas
holds 14K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 15K shares, representing
a decrease
of 4.95%.
The firm
increased
its portfolio allocation in BANR by 2.54% over the last quarter.
BNY MELLON INVESTMENT PORTFOLIOS – Small Cap Stock Index Portfolio – Service Shares
holds 20K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 20K shares, representing
an increase
of 0.04%.
The firm
decreased
its portfolio allocation in BANR by 1.79% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,037K shares
representing 3.03% ownership of the company.
In it’s prior filing, the firm reported owning 999K shares, representing
an increase
of 3.68%.
The firm
increased
its portfolio allocation in BANR by 2.56% over the last quarter.
ARSBX – Aristotle Small Cap Equity Fund Class I Shares
holds 20K shares
representing 0.06% ownership of the company.
No change in the last quarter.
What is the Fund Sentiment?
There are 592 funds or institutions reporting positions in Banner.
This is an increase
of
32
owner(s) or 5.71% in the last quarter.
Average portfolio weight of all funds dedicated to BANR is 0.21%,
a decrease
of 11.88%.
Total shares owned by institutions decreased
in the last three months by 1.64% to 34,640K shares.
The put/call ratio of BANR is 0.85, indicating a
bullish
outlook.
Banner Background Information
(This description is provided by the company.)
Banner Corporation is a $15.03 billion bank holding company operating a commercial bank in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans.
See all Banner regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
