In recent financial updates, Banner Corp. (BANR, Financial) has received an upgrade from Janney Montgomery Scott's analyst Timothy Coffey, who raised the stock's rating from Neutral to Buy. This decision comes in the wake of Banner's latest first-quarter earnings, where the company demonstrated stronger-than-anticipated financial outcomes.
The firm has maintained its fair value estimate at $71 per share as it anticipates positive trends in the company's future performance. Notably, Banner Corp. impressed with solid spread income and margin results that exceeded expectations. The company also outperformed in areas such as provision expense and non-interest income, which have contributed to the optimistic upgrade.
Additionally, Janney Montgomery Scott is revising upward its earnings per share (EPS) estimates for the second quarter of 2025 and 2026, reflecting anticipated stability and growth. The firm characterized Banner Corp. as a high-quality company with shares trading at a discount, suggesting a potential investment opportunity in the financial markets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Banner Corp (BANR, Financial) is $70.00 with a high estimate of $73.00 and a low estimate of $65.00. The average target implies an upside of 15.72% from the current price of $60.49. More detailed estimate data can be found on the Banner Corp (BANR) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Banner Corp's (BANR, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Banner Corp (BANR, Financial) in one year is $57.43, suggesting a downside of 5.06% from the current price of $60.49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Banner Corp (BANR) Summary page.
