Banner Corp (NASDAQ: BANR) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.24 versus $1.59 for the same period a year ago — a decline of -22%. This result fell short of the consensus estimate of $1.30 by $-0.06. For the latest four quarters through December 31, E.P.S. were $5.35 versus $5.70 for the same period a year ago — a decline of -6%.
Recent Price Action
On 1/18/24, Banner Corp (NASDAQ: BANR) stock rose modestly by 0.4%, closing at $49.22. Moreover, trading volume in this advance was above average at 133% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BANR is expected to continue to be a Value Builder.
Banner has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Banner has a neutral Appreciation Score of 56 but a good Power Rating of 74, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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