Banner Co. (NASDAQ:BANR) VP Steven W. Rust sold 412 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $57.66, for a total value of $23,755.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Banner Co. (NASDAQ:BANR) traded up $0.02 during trading hours on Friday, reaching $58.30. The company’s stock had a trading volume of 110,610 shares, compared to its average volume of 202,334. Banner Co. has a 52 week low of $51.61 and a 52 week high of $62.75. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1,889.71, a price-to-earnings ratio of 31.67, a P/E/G ratio of 1.67 and a beta of 1.00.
Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Banner had a return on equity of 7.55% and a net margin of 12.02%. The firm had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $126.56 million. analysts anticipate that Banner Co. will post 3.48 earnings per share for the current year.
Several analysts have weighed in on BANR shares. ValuEngine downgraded Banner from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Zacks Investment Research raised Banner from a “sell” rating to a “hold” rating in a report on Monday, January 1st. BidaskClub raised Banner from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $60.00 price target on shares of Banner in a report on Friday, December 22nd. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Banner in a report on Friday, January 26th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.25.
A number of large investors have recently bought and sold shares of the business. Millennium Management LLC grew its position in shares of Banner by 242.3% in the fourth quarter. Millennium Management LLC now owns 462,513 shares of the financial services provider’s stock valued at $25,494,000 after purchasing an additional 327,377 shares in the last quarter. Bank of New York Mellon Corp grew its position in Banner by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock worth $147,428,000 after acquiring an additional 110,369 shares during the period. Dimensional Fund Advisors LP grew its position in Banner by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,008,608 shares of the financial services provider’s stock worth $123,086,000 after acquiring an additional 92,317 shares during the period. Deutsche Bank AG grew its position in Banner by 110.0% in the fourth quarter. Deutsche Bank AG now owns 121,918 shares of the financial services provider’s stock worth $6,718,000 after acquiring an additional 63,867 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Banner by 15.0% in the third quarter. Ameriprise Financial Inc. now owns 463,304 shares of the financial services provider’s stock worth $28,392,000 after acquiring an additional 60,505 shares during the period. Institutional investors own 92.11% of the company’s stock.
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.
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