Banner Co. (NASDAQ:BANR) VP Steven W. Rust sold 412 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $57.66, for a total value of $23,755.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Banner Co. (NASDAQ BANR) traded down $1.06 during midday trading on Friday, hitting $55.25. The company’s stock had a trading volume of 123,616 shares, compared to its average volume of 205,529. The company has a market capitalization of $1,890.04, a PE ratio of 30.60, a P/E/G ratio of 1.70 and a beta of 1.00. Banner Co. has a 52 week low of $51.61 and a 52 week high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95.
Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). The company had revenue of $128.15 million during the quarter, compared to the consensus estimate of $126.56 million. Banner had a net margin of 12.02% and a return on equity of 7.55%. sell-side analysts predict that Banner Co. will post 3.41 earnings per share for the current year.
Several brokerages recently commented on BANR. Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. BidaskClub cut Banner from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 target price on shares of Banner in a report on Friday, December 22nd. ValuEngine cut Banner from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Sandler O’Neill reissued a “buy” rating on shares of Banner in a report on Friday, January 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.25.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $147,428,000 after buying an additional 110,369 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $123,086,000 after buying an additional 92,317 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Banner by 0.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,571,088 shares of the financial services provider’s stock valued at $86,599,000 after buying an additional 9,312 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Banner by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 606,317 shares of the financial services provider’s stock valued at $33,420,000 after buying an additional 9,153 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Banner by 15.0% in the third quarter. Ameriprise Financial Inc. now owns 463,304 shares of the financial services provider’s stock valued at $28,392,000 after buying an additional 60,505 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.
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Banner Company Profile
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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