Banner Co. (NASDAQ:BANR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Banner Co. (NASDAQ:BANR) by 12.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,183 shares of the financial services provider’s stock after selling 4,826 shares during the period. Public Employees Retirement System of Ohio’s holdings in Banner were worth $2,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundry Partners LLC lifted its holdings in Banner by 2.3% during the 3rd quarter. Foundry Partners LLC now owns 6,194 shares of the financial services provider’s stock worth $369,000 after buying an additional 137 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Banner by 3.0% during the 3rd quarter. Captrust Financial Advisors now owns 5,443 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 160 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Banner by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 300 shares during the last quarter. CWM LLC lifted its stake in Banner by 19.5% during the third quarter. CWM LLC now owns 2,275 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 371 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. boosted its holdings in Banner by 2.2% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 33,133 shares of the financial services provider’s stock worth $1,973,000 after purchasing an additional 700 shares during the period. 87.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP James P.G. Mclean sold 1,500 shares of Banner stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the transaction, the vice president now directly owns 21,868 shares of the company’s stock, valued at $1,653,876.84. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Banner Trading Down 2.6 %

NASDAQ:BANR opened at $69.99 on Wednesday. Banner Co. has a 1 year low of $42.00 and a 1 year high of $78.05. The business has a fifty day moving average of $70.00 and a 200-day moving average of $59.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 14.64 and a beta of 1.07.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.12. Banner had a net margin of 20.28% and a return on equity of 10.22%. The firm had revenue of $213.90 million during the quarter, compared to analyst estimates of $152.95 million. During the same quarter in the prior year, the firm posted $1.43 EPS. Equities analysts predict that Banner Co. will post 4.88 earnings per share for the current year.

Banner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.74%. Banner’s dividend payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

BANR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler set a $67.00 target price on shares of Banner in a report on Thursday, October 17th. DA Davidson upped their target price on Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a report 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 report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.00.

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.