Campbell & CO Investment Adviser LLC Sells 5,885 Shares of Banner Co. (NASDAQ:BANR)

Campbell & CO Investment Adviser LLC lowered its holdings in Banner Co. (NASDAQ:BANRFree Report) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,463 shares of the financial services provider’s stock after selling 5,885 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Banner were worth $453,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Banner by 247.2% during the 4th quarter. Victory Capital Management Inc. now owns 641,701 shares of the financial services provider’s stock worth $34,370,000 after purchasing an additional 456,868 shares in the last quarter. Norges Bank acquired a new position in Banner during the 4th quarter worth approximately $12,097,000. Hsbc Holdings PLC increased its position in Banner by 2,700.2% during the 4th quarter. Hsbc Holdings PLC now owns 221,243 shares of the financial services provider’s stock worth $11,861,000 after purchasing an additional 213,342 shares in the last quarter. Channing Capital Management LLC acquired a new position in Banner during the 4th quarter worth approximately $8,293,000. Finally, Dimensional Fund Advisors LP increased its position in Banner by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,257,865 shares of the financial services provider’s stock worth $120,934,000 after purchasing an additional 62,774 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.

Banner Stock Performance

NASDAQ BANR opened at $45.59 on Tuesday. Banner Co. has a 52-week low of $39.31 and a 52-week high of $55.66. The company has a 50-day simple moving average of $45.69 and a 200 day simple moving average of $47.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $1.57 billion, a PE ratio of 9.48 and a beta of 1.06.

Banner (NASDAQ:BANRGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $144.55 million during the quarter, compared to the consensus estimate of $150.67 million. Banner had a net margin of 21.62% and a return on equity of 11.47%. On average, research analysts predict that Banner Co. will post 4.72 EPS for the current year.

Banner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.21%. Banner’s dividend payout ratio (DPR) is currently 39.92%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BANR shares. Piper Sandler lowered their price objective on shares of Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. DA Davidson decreased their price target on shares of Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. StockNews.com cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Stephens decreased their price target on shares of Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Banner presently has a consensus rating of “Hold” and a consensus target price of $51.20.

Read Our Latest Analysis on Banner

About Banner

(Free Report)

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.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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