For its third fiscal quarter (ending September 30), Banner Corp (NASDAQ: BANR) has reported a -2% decline in E.P.S. from $1.33 a year ago to $1.31 in the current quarter. However, this result exceeded the consensus estimate of $1.16 by $0.14. For the latest four quarters through September 30, E.P.S. were $4.80 compared to $5.70 a year ago — a decline of -16%.
Recent Price Action
On 10/16/24, Banner Corp (NASDAQ: BANR) stock increased 1.2%, closing at $65.86. Moreover, unusually high trading volume at 166% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.5% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Banner has a slightly positive Appreciation Score of 70 and a very high Power Rating of 90, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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