Aberdeen Group plc Has $18.01 Million Stake in Banner Corporation $BANR

Aberdeen Group plc decreased its position in Banner Corporation (NASDAQ:BANR) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,398 shares of the financial services provider’s stock after selling 14,409 shares during the quarter. Aberdeen Group plc owned about 0.84% of Banner worth $18,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new position in shares of Banner in the fourth quarter valued at approximately $66,000. Financial Planning Hawaii Inc. acquired a new position in shares of Banner in the fourth quarter valued at approximately $295,000. SG Americas Securities LLC grew its position in shares of Banner by 836.0% in the fourth quarter. SG Americas Securities LLC now owns 22,605 shares of the financial services provider’s stock valued at $1,416,000 after purchasing an additional 20,190 shares during the last quarter. Diversified Trust Co. grew its position in shares of Banner by 4.4% in the fourth quarter. Diversified Trust Co. now owns 12,726 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 533 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Banner by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 70,008 shares of the financial services provider’s stock valued at $4,586,000 after purchasing an additional 3,971 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BANR shares. Wall Street Zen raised Banner from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Piper Sandler reduced their price target on Banner from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Weiss Ratings raised Banner from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Banner currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Banner Stock Up 1.8%

Shares of BANR opened at $62.68 on Tuesday. Banner Corporation has a 52 week low of $54.01 and a 52 week high of $69.83. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average of $61.40 and a 200-day moving average of $62.81.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.09. Banner had a return on equity of 10.46% and a net margin of 22.26%.The company had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $173.23 million. As a group, sell-side analysts anticipate that Banner Corporation will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, February 3rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, February 3rd. Banner’s dividend payout ratio (DPR) is currently 35.46%.

Banner Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.