Cwm LLC Has $61,000 Stock Position in Banner Co. (NASDAQ:BANR)

Cwm LLC increased its holdings in Banner Co. (NASDAQ:BANR) by 49.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,135 shares of the financial services provider’s stock after acquiring an additional 378 shares during the period. Cwm LLC’s holdings in Banner were worth $61,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BANR. Numerai GP LLC raised its stake in shares of Banner by 131.1% in the third quarter. Numerai GP LLC now owns 98,819 shares of the financial services provider’s stock worth $4,188,000 after purchasing an additional 56,067 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Banner during the 3rd quarter valued at $836,000. Vanguard Group Inc. boosted its holdings in Banner by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,146,849 shares of the financial services provider’s stock worth $175,743,000 after acquiring an additional 36,850 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Banner by 950.6% in the 3rd quarter. Victory Capital Management Inc. now owns 184,833 shares of the financial services provider’s stock worth $7,833,000 after acquiring an additional 167,240 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Banner in the fourth quarter valued at about $215,000. Institutional investors own 87.33% of the company’s stock.

Analyst Upgrades and Downgrades

BANR has been the subject of a number of recent analyst reports. Raymond James upped their price objective on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods decreased their price target on Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Stephens cut their price objective on Banner from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. DA Davidson decreased their target price on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Piper Sandler cut their price target on shares of Banner from $54.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.20.

Banner Stock Up 1.0 %

Shares of NASDAQ BANR opened at $46.67 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $1.60 billion, a PE ratio of 9.70 and a beta of 1.04. Banner Co. has a one year low of $39.31 and a one year high of $55.66. The business’s fifty day moving average price is $45.57 and its 200-day moving average price is $46.69.

Banner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, April 29th. Banner’s dividend payout ratio (DPR) is presently 39.92%.

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.