
Banner (BANR) Stock Forecast & Price Target
Banner (BANR) Analyst Ratings
Bulls say
Banner Corp's stable loan loss reserves at 1.38% and positive trends in credit quality, despite a slight increase in non-accruals, indicate a strong foundation for asset quality management. The increase in total loan yields to 5.65% and competitive deposit pricing suggests an optimistic outlook for net interest income (NII) in 2024. Additionally, the company's strategic focus on expanding SBA lending, foreign exchange services, and wealth management capabilities positions it well for future growth in diverse banking operations.
Bears say
Banner Corp's financial outlook appears negative due to concerns over its reliance on mortgage banking operations, which are vulnerable to a rising interest rate environment that could decrease revenues and noninterest income significantly. The company's loan pipeline has experienced a notable year-over-year decline of approximately 20%, compounded by expectations of slower growth in residential and commercial real estate sectors. Additionally, potential asset quality deterioration related to commercial real estate and construction portfolios raises further risks, as their significant real estate concentration could exacerbate challenges in case of borrower defaults.
This aggregate rating is based on analysts' research of Banner and is not a guaranteed prediction by Public.com or investment advice.
Banner (BANR) Analyst Forecast & Price Prediction
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