James P.G. Mclean Sells 1,500 Shares of Banner Co. (NASDAQ:BANR) Stock

Banner Co. (NASDAQ:BANR) VP James P.G. Mclean sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total value of $113,445.00. Following the completion of the sale, the vice president now owns 21,868 shares in the company, valued at approximately $1,653,876.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Banner Stock Down 2.0 %

BANR stock traded down $1.53 during trading on Thursday, reaching $73.25. 127,461 shares of the company traded hands, compared to its average volume of 198,051. Banner Co. has a 12 month low of $41.92 and a 12 month high of $75.88. The business has a 50 day simple moving average of $61.05 and a 200 day simple moving average of $54.09. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.85.

Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $1.43 earnings per share. On average, equities research analysts anticipate that Banner Co. will post 4.82 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, November 15th. Shareholders of record on Tuesday, November 5th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.62%. The ex-dividend date is Tuesday, November 5th. Banner’s dividend payout ratio is presently 40.17%.

Institutional Investors Weigh In On Banner

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Banner by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,361,774 shares of the financial services provider’s stock worth $117,236,000 after acquiring an additional 37,780 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Banner by 79.5% in the third quarter. Victory Capital Management Inc. now owns 1,328,616 shares of the financial services provider’s stock worth $79,132,000 after acquiring an additional 588,591 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Banner by 18.4% in the second quarter. The Manufacturers Life Insurance Company now owns 795,929 shares of the financial services provider’s stock worth $39,510,000 after acquiring an additional 123,903 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Banner by 3.7% in the first quarter. Westwood Holdings Group Inc. now owns 717,058 shares of the financial services provider’s stock worth $34,419,000 after acquiring an additional 25,525 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Banner by 22.0% in the second quarter. American Century Companies Inc. now owns 607,769 shares of the financial services provider’s stock worth $30,170,000 after acquiring an additional 109,457 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Analyst Ratings Changes

BANR has been the topic of a number of recent analyst reports. DA Davidson increased their target price on Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Raymond James increased their price target on Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Stephens reissued an “overweight” rating and set 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 research report on Friday, July 19th. Finally, Piper Sandler set a $67.00 price target on Banner in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.