Banner Co. (NASDAQ:BANR) director buys $98,514.00 worth of stock

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Banner Co. (NASDAQ:BANRGet a rating) Director Roberto R. Herencia acquired 1,800 shares of Banner in a transaction that took place on Monday, May 2. The shares were purchased at an average price of $54.73 per share, for a total transaction of $98,514.00. Following the completion of the purchase, the director now directly owns 8,628 shares of the company, valued at $472,210.44. The transaction was disclosed in an SEC filing, which is available via this hyperlink.

BANR NASDAQ traded down $0.42 during Tuesday trading hours, hitting $54.41. The company had a trading volume of 4,560 shares, compared to an average volume of 182,208. Banner Co. has a fifty-two-week low of $49.10 and a fifty-two-week high of $66.79. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt ratio of 0.11. The company has a fifty-day simple moving average of $49.65 and a 200-day simple moving average of $40.36. The company has a market capitalization of $1.86 billion, a P/E ratio of 9.51 and a beta of 1.03.

Banner (NASDAQ:BANRGet a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share of $1.27 for the quarter, beating Thomson Reuters consensus estimate of $1.10 by $0.17. Banner had a return on equity of 12.47% and a net margin of 32.46%. During the same period last year, the company achieved EPS of $1.33. Equity analysts expect Banner Co. to post an EPS of 5.01 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 13. Shareholders of record on Tuesday, May 3 will receive a dividend of $0.44 per share. This represents a dividend of $1.76 on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, May 2. Banner’s dividend payout ratio (DPR) is 30.82%.

Several brokerages have recently published reports on BANR. StockNews.com began Banner’s coverage in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Raymond James cut his price target on Banner from $72.00 to $70.00 and set a “Strong Buy” rating on the stock in a Friday, April 22 research note. Stephens raised his price target on Banner from $64.00 to $66.00 and gave the stock an “equal weight” rating in a Monday, April 25 research note. To finish, Zacks Investment Research upgraded Banner from a “hold” rating to a “buy” rating and set a target price of $68.00 on the stock in a research report on Monday, March 28. Three equity research analysts rated the stock with a hold rating, one issued a buy rating and one assigned the stock a strong buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $66.00.

Several institutional investors and hedge funds have recently changed their holdings in the company. Jackson Creek Investment Advisors LLC increased its holdings of Banner stock 7.7% in the first quarter. Jackson Creek Investment Advisors LLC now owns 19,344 shares of the financial services provider valued at $1,132,000 after purchasing an additional 1,384 shares during the period. Granite Investment Partners LLC acquired a new position in shares of Banner during the first quarter worth $4,548,000. SG Americas Securities LLC acquired a new position in Banner stock during the first quarter worth $349,000. Bailard inc. increased its equity stake in Banner by 26.9% during the first quarter. Bailard Inc. now owns 13,700 shares of the financial services provider valued at $802,000 after purchasing an additional 2,900 shares during the period. Finally, Private Ocean LLC acquired a new position in Banner stock during the first quarter worth $27,000. 85.00% of the shares are currently held by institutional investors.

About the banner (Get a rating)

Banner Corporation operates as a bank holding company for Banner Bank which provides 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 cash management services and savings plans. pension saving.

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