Banner Co. (NASDAQ:BANR) Stock Holdings Decreased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its position in Banner Co. (NASDAQ:BANRFree Report) by 8.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,348 shares of the financial services provider’s stock after selling 1,343 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Banner were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BANR. Eagle Bay Advisors LLC boosted its position in shares of Banner by 126.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 501 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 280 shares in the last quarter. Carmel Capital Partners LLC acquired a new stake in shares of Banner during the 3rd quarter valued at $25,000. Lazard Asset Management LLC bought a new stake in shares of Banner during the 2nd quarter worth $27,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Banner during the 4th quarter worth $44,000. Finally, CWM LLC grew its holdings in shares of Banner by 923.0% in the 3rd quarter. CWM LLC now owns 757 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 683 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Banner Stock Performance

Shares of NASDAQ BANR opened at $44.49 on Monday. Banner Co. has a one year low of $39.31 and a one year high of $64.68. The business’s 50-day moving average price is $50.16 and its two-hundred day moving average price is $46.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.53 billion, a P/E ratio of 8.35 and a beta of 1.05.

Banner (NASDAQ:BANRGet Free Report) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.31 by $0.03. The business had revenue of $152.46 million during the quarter, compared to analysts’ expectations of $155.54 million. Banner had a return on equity of 12.96% and a net margin of 24.61%. Analysts anticipate that Banner Co. will post 4.64 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.32%. Banner’s dividend payout ratio is currently 36.02%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, January 22nd. Raymond James increased their price objective on Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Stephens lowered their target price on Banner from $54.00 to $51.00 and set an “overweight” rating on the stock in a research note on Friday, October 20th. Finally, StockNews.com raised shares of Banner from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.75.

Get Our Latest Report on Banner

Insider Activity at Banner

In other Banner news, VP James P.G. Mclean sold 1,733 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.03, for a total transaction of $86,701.99. Following the transaction, the vice president now directly owns 18,895 shares in the company, valued at $945,316.85. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

About Banner

(Free Report)

Banner Corporation operates as the bank holding company for Banner Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.

Further Reading

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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