Banner Co. (NASDAQ:BANR) Shares Sold by Caldwell Sutter Capital Inc.

Caldwell Sutter Capital Inc. decreased its stake in Banner Co. (NASDAQ:BANR) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 32,887 shares of the financial services provider’s stock after selling 800 shares during the quarter. Banner accounts for approximately 0.9% of Caldwell Sutter Capital Inc.’s portfolio, making the stock its 25th biggest position. Caldwell Sutter Capital Inc.’s holdings in Banner were worth $1,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in shares of Banner in the 1st quarter worth about $1,025,000. Vanguard Group Inc. increased its stake in shares of Banner by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,187,837 shares of the financial services provider’s stock worth $224,301,000 after purchasing an additional 40,988 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Banner by 3.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 717,058 shares of the financial services provider’s stock worth $34,419,000 after purchasing an additional 25,525 shares during the last quarter. Entropy Technologies LP purchased a new stake in Banner in the 1st quarter valued at approximately $247,000. Finally, Edgestream Partners L.P. acquired a new stake in Banner during the 1st quarter valued at $4,931,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Banner Trading Down 0.0 %

NASDAQ:BANR traded down $0.03 during trading hours on Tuesday, reaching $64.99. 11,100 shares of the company were exchanged, compared to its average volume of 196,385. Banner Co. has a 52-week low of $41.48 and a 52-week high of $68.11. The stock has a 50 day simple moving average of $60.19 and a 200 day simple moving average of $53.20. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 13.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.18 by $0.12. The company had revenue of $213.90 million during 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 prior year, the firm posted $1.43 earnings per share. As a group, analysts predict that Banner Co. will post 4.82 EPS for the current year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, November 5th. Banner’s payout ratio is currently 39.92%.

Analyst Upgrades and Downgrades

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

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.