Banner (NASDAQ:BANR) Trading Down 0.1%

Shares of Banner Co. (NASDAQ:BANRGet Rating) were down 0.1% during trading on Wednesday . The stock traded as low as $69.71 and last traded at $70.39. Approximately 95,398 shares were traded during trading, a decline of 43% from the average daily volume of 167,995 shares. The stock had previously closed at $70.44.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BANR shares. DA Davidson increased their target price on shares of Banner to $70.00 in a report on Thursday, October 27th. Raymond James lowered shares of Banner from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $68.00 to $72.00 in a report on Friday, October 21st. Finally, StockNews.com started coverage on shares of Banner in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Banner Stock Performance

The company has a market cap of $2.41 billion, a P/E ratio of 12.73 and a beta of 1.03. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $70.57 and its 200 day moving average is $64.80.

Banner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, October 31st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, October 28th. Banner’s dividend payout ratio (DPR) is presently 31.83%.

Institutional Investors Weigh In On Banner

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in Banner by 350.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 419 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 326 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in Banner by 126.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 501 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 280 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Banner in the 3rd quarter worth about $45,000. Quantbot Technologies LP lifted its position in shares of Banner by 831.3% in the 2nd quarter. Quantbot Technologies LP now owns 1,639 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,463 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Banner by 54.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,700 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 600 shares during the period. Institutional investors own 85.64% of the company’s stock.

Banner Company Profile

(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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