Insider Selling: Banner Co. (NASDAQ:BANR) VP Sells 841 Shares of Stock

Banner Co. (NASDAQ:BANR) VP Cynthia D. Purcell sold 841 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $54.67, for a total value of $45,977.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Banner Co. (NASDAQ:BANR) traded down $0.01 during midday trading on Tuesday, hitting $53.04. The company had a trading volume of 125,643 shares, compared to its average volume of 181,125. The stock has a market cap of $1,760.00, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.08. Banner Co. has a 52 week low of $51.61 and a 52 week high of $62.75.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.08). The firm had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $126.56 million. Banner had a net margin of 12.02% and a return on equity of 7.55%. sell-side analysts anticipate that Banner Co. will post 3.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th were paid a $0.25 dividend. The ex-dividend date was Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. Banner’s dividend payout ratio (DPR) is currently 54.64%.

Several analysts have weighed in on the company. BidaskClub raised Banner from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $58.00 price target on shares of Banner in a report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $58.00 price target on shares of Banner in a report on Friday, January 26th. Sandler O’Neill reaffirmed a “buy” rating on shares of Banner in a report on Friday, January 26th. Finally, Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, January 12th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.25.

A number of institutional investors have recently made changes to their positions in BANR. Wells Fargo & Company MN increased its stake in Banner by 10.6% in the 2nd quarter. Wells Fargo & Company MN now owns 77,374 shares of the financial services provider’s stock worth $4,372,000 after purchasing an additional 7,433 shares during the period. TIAA CREF Investment Management LLC increased its stake in Banner by 19.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 114,512 shares of the financial services provider’s stock worth $6,471,000 after purchasing an additional 18,861 shares during the period. Nationwide Fund Advisors grew its position in shares of Banner by 5.4% in the 2nd quarter. Nationwide Fund Advisors now owns 45,704 shares of the financial services provider’s stock worth $2,583,000 after buying an additional 2,359 shares during the last quarter. Amalgamated Bank grew its position in shares of Banner by 10.2% in the 2nd quarter. Amalgamated Bank now owns 4,441 shares of the financial services provider’s stock worth $251,000 after buying an additional 412 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Banner by 46.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,328 shares of the financial services provider’s stock worth $1,544,000 after buying an additional 8,612 shares during the last quarter. 91.46% of the stock is currently owned by institutional investors and hedge funds.

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About Banner

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

Insider Buying and Selling by Quarter for Banner (NASDAQ:BANR)

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