Banner Corporation (NASDAQ:BANR) banking and financial services provider, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.82 per share.
Looking ahead, the full year income are expected at $ 2.87 per share on the revenues of $ 493.67 million.
Previous Quarter Performance
Banner Corporation unfold income for the second quarter of $ 0.67 per share, from the revenue of $ 147.30 million. The quarterly earnings decreased 41.23 percent while revenues gained 25.64 percent compared with the same quarter last year.
According to street consensus, BANR was expected to report 2Q20 income of $ 0.34 per share from revenue of $ 118.29 million. The bottom line results beat street analysts by $ 0.33 or 97.06 percent, at the same time, top line results outshined analysts by $ 29.01 million or 24.52 percent.
Stock Performance
Shares of Banner Corporation traded up $ 0.78 or 2.16 percent on Tuesday, reaching $ 36.91 with volume of 131.00 thousand shares. Banner Corporation has traded high as $ 37.40 and has cracked $ 36.50 on the downward trend
The closing price of $ 36.91, representing a 33.22 % increase from the 52 week low of $ 27.12 and a 39.42 % decrease over the 52 week high of $ 59.64.
The company has a market capital of $ 1.30 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 35.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on August 4, 2020, with payment date of August 13, 2020 and ex-dividend date on August 3, 2020.
Conference Call
Banner Corporation will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bannerbank.com
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that 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. The company also provides commercial real estate loans, including owner-occupied, investment properties, and multifamily residential real estate loans; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and consumer loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts.
