Banner Co. (NASDAQ:BANR) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Banner Co. (NASDAQ:BANR) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,271 shares of the financial services provider’s stock after purchasing an additional 1,287 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Banner worth $1,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BANR. Carmel Capital Partners LLC acquired a new position in Banner during the 3rd quarter valued at about $25,000. CWM LLC grew its stake in shares of Banner by 923.0% during the third 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. Exchange Traded Concepts LLC acquired a new position in shares of Banner during the third quarter valued at about $34,000. Federated Hermes Inc. purchased a new position in shares of Banner in the 3rd quarter valued at approximately $45,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Banner by 47.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,795 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 2,184 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BANR. Keefe, Bruyette & Woods lowered 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. DA Davidson cut their price objective on Banner from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday. Piper Sandler decreased their target price on Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a report on Friday. Raymond James increased their price target on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, Stephens decreased their price objective on shares of Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Banner Stock Up 0.6 %

Banner stock opened at $45.22 on Tuesday. Banner Co. has a 52 week low of $39.31 and a 52 week high of $55.66. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 9.40 and a beta of 1.03. The business’s 50-day moving average price is $45.36 and its 200 day moving average price is $46.54. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.24.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Monday, April 29th. Banner’s dividend payout ratio (DPR) is 39.92%.

Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of 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.