Banner Co. (NASDAQ:BANR) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.13, MarketBeat.com reports.

In other Banner news, Director Robert D. Adams sold 1,137 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $52.08, for a total value of $59,214.96. Following the completion of the transaction, the director now owns 20,165 shares of the company’s stock, valued at approximately $1,050,193.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Banner (NASDAQ:BANR) opened at 40.88 on Thursday. Banner has a one year low of $39.65 and a one year high of $53.55. The firm has a market cap of $1.40 billion and a price-to-earnings ratio of 16.48. The stock has a 50 day moving average price of $44.49 and a 200 day moving average price of $47.30.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 14th. Stockholders of record on Tuesday, January 5th were issued a $0.18 dividend. This is an increase from Banner’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.76%.

A number of research analysts have issued reports on BANR shares. Zacks Investment Research lowered Banner from a “buy” rating to a “hold” rating in a research report on Friday, October 23rd. Piper Jaffray reiterated a “buy” rating and set a $56.00 price target (up previously from $51.00) on shares of Banner in a research report on Thursday, October 8th. Keefe, Bruyette & Woods lowered Banner from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $52.00 to $51.00 in a research report on Friday, October 23rd. Raymond James boosted their price target on Banner from $51.00 to $54.00 in a research report on Monday, October 26th. Finally, FIG Partners lowered Banner from a “market-perform” rating to an “outperform” rating in a research report on Thursday, October 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $52.75.

Banner Corporation is a bank holding company for its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities. Islanders Bank is a community bank that offers banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks’ primary business includes accepting deposits and originating loans in locations surrounding its offices in portions of Washington, Oregon and Idaho. Banner Bank also engages in mortgage banking operations primarily through the origination and sale of one to four-family residential loans. As of December 31, 2014, the Company had total consolidated assets of $4.7 billion, net loans of $3.8 billion, total deposits of $3.9 billion and total stockholders’ equity of $584 million.

12 Month Chart for NASDAQ:BANR

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