Banner Co. (NASDAQ:BANR) VP Sells $113,445.00 in Stock

Banner Co. (NASDAQ:BANR) VP James P.G. Mclean sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the sale, the vice president now owns 21,868 shares of the company’s stock, valued at $1,653,876.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Banner Stock Performance

NASDAQ BANR opened at $73.23 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 15.32 and a beta of 1.04. Banner Co. has a 52-week low of $41.92 and a 52-week high of $75.88. The business’s 50-day moving average price is $61.87 and its 200 day moving average price is $54.55. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.12. Banner had a return on equity of 10.22% and a net margin of 20.28%. The company had revenue of $213.90 million for the quarter, compared to the consensus estimate of $152.95 million. During the same period last year, the business posted $1.43 EPS. On average, equities research analysts expect that Banner Co. will post 4.88 earnings per share for the current year.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, November 5th. Banner’s payout ratio is 40.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BANR shares. Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Banner in a research report on Thursday, July 18th. Janney Montgomery Scott downgraded Banner from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Raymond James upped their target price on Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. DA Davidson lifted their price target on Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Piper Sandler set a $67.00 price objective on Banner in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.60.

Hedge Funds Weigh In On Banner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in Banner by 33.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,109 shares of the financial services provider’s stock worth $1,403,000 after acquiring an additional 6,838 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Banner by 35.0% during the 1st quarter. BNP Paribas Financial Markets now owns 28,817 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 7,467 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Banner by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 30,061 shares of the financial services provider’s stock worth $1,443,000 after purchasing an additional 389 shares during the period. Quantbot Technologies LP purchased a new position in shares of Banner in the 1st quarter valued at about $291,000. Finally, Empowered Funds LLC lifted its stake in shares of Banner by 8.1% in the first quarter. Empowered Funds LLC now owns 102,286 shares of the financial services provider’s stock valued at $4,910,000 after purchasing an additional 7,700 shares during the period. 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.