For its second fiscal quarter (ending June 30), Banner Corp (NASDAQ: BANR) has reported a 0% change in E.P.S. from $1.15 a year ago to $1.15 in the current quarter. Relative to the consensus estimate of $1.13, this was a premium of $0.01. For the latest four quarters through June 30, E.P.S. were $4.82 versus $5.79 for the same period a year ago — a decline of -17%.
Recent Price Action
On 7/17/24, Banner Corp (NASDAQ: BANR) stock increased 1.4%, closing at $59.29. Moreover, trading volume in this advance was exceptionally high at 233% of normal. The stock has performed in line with the market over the last nine months and has risen 21.7% during the last week.
Current PriceTarget Research Rating
BANR is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Banner has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Banner has a good Appreciation Score of 76 but a neutral Power Rating of 41, producing 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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