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 firm’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Banner Stock Performance

NASDAQ BANR opened at $73.23 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 15.14 and a beta of 1.04. Banner Co. has a 1-year low of $41.92 and a 1-year high of $75.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. The business’s 50-day simple moving average is $61.60 and its 200-day simple moving average is $54.35.

Banner (NASDAQ:BANR) last released its quarterly earnings data 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. The business 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 EPS. Equities analysts predict that Banner Co. will post 4.82 EPS for the current year.

Banner Announces Dividend

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

Institutional Investors Weigh In On Banner

Several hedge funds have recently modified their holdings of BANR. Innealta Capital LLC purchased a new stake in Banner during the 2nd quarter worth approximately $53,000. EntryPoint Capital LLC increased its holdings in Banner by 100.9% during the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 558 shares during the last quarter. US Bancorp DE increased its holdings in Banner by 287.1% during the 3rd quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,065 shares during the last quarter. CWM LLC increased its holdings in Banner by 60.1% during the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 715 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Banner during the 2nd quarter worth approximately $152,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Janney Montgomery Scott lowered Banner from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Piper Sandler set a $67.00 price objective on Banner in a research note on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Banner in a research note on Thursday, July 18th. DA Davidson raised their price target on Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Raymond James raised their price target on Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.