Banner (NASDAQ:BANR) PT Lowered to $47.00

Banner (NASDAQ:BANR) had its target price decreased by DA Davidson from $50.00 to $47.00 in a report released on Friday, Benzinga reports. DA Davidson currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on BANR. Raymond James raised their price objective on Banner from $47.00 to $51.00 and gave the company an outperform rating in a research note on Monday, January 22nd. Stephens lowered their price objective on Banner from $54.00 to $53.00 and set an overweight rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods lowered their price objective on Banner from $58.00 to $54.00 and set a market perform rating for the company in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $51.20.

Banner Price Performance

Shares of NASDAQ BANR opened at $45.22 on Friday. Banner has a fifty-two week low of $39.31 and a fifty-two week high of $55.66. The business has a 50 day moving average price of $45.36 and a two-hundred day moving average price of $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. The firm has a market cap of $1.55 billion, a PE ratio of 9.40 and a beta of 1.03.

Banner Announces Dividend

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 given a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.25%. Banner’s payout ratio is 39.92%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in shares of Banner in the 3rd quarter worth approximately $25,000. TFO Wealth Partners LLC lifted its holdings in shares of Banner by 35,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 718 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 716 shares during the last quarter. CWM LLC lifted 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 purchasing an additional 683 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Banner in the 3rd quarter worth approximately $34,000. Finally, Federated Hermes Inc. bought a new stake in shares of Banner in the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Company 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.