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 Banner stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $75.63, for a total value of $113,445.00. Following the transaction, the vice president now owns 21,868 shares of the company’s stock, valued at approximately $1,653,876.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Banner Price Performance

Shares of NASDAQ:BANR traded down $1.53 during trading on Thursday, reaching $73.25. The stock had a trading volume of 127,461 shares, compared to its average volume of 198,051. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.85. The business has a fifty day moving average price of $61.05 and a 200-day moving average price of $54.09. The stock has a market cap of $2.52 billion, a PE ratio of 15.64 and a beta of 1.04. Banner Co. has a 1-year low of $41.92 and a 1-year high of $75.88.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.12. The firm had revenue of $213.90 million for the quarter, compared to analyst estimates of $152.95 million. Banner had a return on equity of 10.22% and a net margin of 20.28%. During the same period in the previous year, the company posted $1.43 earnings per share. On average, equities analysts forecast that Banner Co. will post 4.82 earnings per share for the current fiscal year.

Banner Dividend Announcement

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

Institutional Trading of Banner

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in Banner in the 2nd quarter valued at $53,000. EntryPoint Capital LLC grew its holdings in Banner by 100.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock valued at $53,000 after buying an additional 558 shares in the last quarter. US Bancorp DE lifted its stake in shares of Banner by 287.1% in the 3rd quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,065 shares during the last quarter. CWM LLC lifted its stake in shares of Banner by 60.1% in the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 715 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Banner in the 2nd quarter valued at $152,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BANR has been the subject of several recent research reports. Raymond James lifted their price target on Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Banner in a research report on Thursday, July 18th. Piper Sandler set a $67.00 price objective on Banner in a report on Thursday, October 17th. DA Davidson raised their price objective on Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Janney Montgomery Scott lowered Banner from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.60.

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.