Banner Co. (NASDAQ:BANR) Director Buys $98,514.00 in Stock

Banner Co. (NASDAQ:BANRGet Rating) Director Roberto R. Herencia acquired 1,800 shares of Banner stock in a transaction that occurred on Monday, May 2nd. 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’s stock, valued at $472,210.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ BANR traded up $0.42 during trading hours on Tuesday, hitting $54.41. The company had a trading volume of 4,560 shares, compared to its 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-to-equity ratio of 0.11. The business has a fifty day simple moving average of $49.65 and a 200-day simple moving average of $40.36. The firm has a market cap of $1.86 billion, a P/E ratio of 9.51 and a beta of 1.03.

Banner (NASDAQ:BANRGet Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $1.27 earnings per share for the quarter, topping the 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 firm earned $1.33 EPS. Equities analysts forecast that Banner Co. will post 5.01 EPS for the current fiscal year.

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

Several brokerages recently issued reports on BANR. StockNews.com began coverage on Banner in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James reduced their price objective on Banner from $72.00 to $70.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 22nd. Stephens raised their price objective on Banner from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Monday, April 25th. Finally, Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, March 28th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. 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 modified their holdings of the company. Jackson Creek Investment Advisors LLC increased its holdings in shares of Banner by 7.7% during the first quarter. Jackson Creek Investment Advisors LLC now owns 19,344 shares of the financial services provider’s stock 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 valued at $4,548,000. SG Americas Securities LLC acquired a new position in shares of Banner during the first quarter valued at $349,000. Bailard Inc. increased its holdings in shares of Banner by 26.9% during the first quarter. Bailard Inc. now owns 13,700 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 2,900 shares during the period. Finally, Private Ocean LLC acquired a new position in shares of Banner during the first quarter valued at $27,000. 85.00% of the stock is currently owned by institutional investors.

About Banner (Get Rating)

Banner Corporation operates as the bank holding company for Banner Bank that provide 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.

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