Insider Selling: Banner Corporation (BANR) Director Sells $184,848.18 in Stock
Banner Corporation (NASDAQ:BANR) Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Gary Sirmon also recently made the following trade(s):
- On Tuesday, July 18th, Gary Sirmon sold 3,333 shares of Banner Corporation stock. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18.
- On Monday, June 19th, Gary Sirmon sold 3,333 shares of Banner Corporation stock. The shares were sold at an average price of $56.77, for a total transaction of $189,214.41.
Banner Corporation (NASDAQ:BANR) traded down 2.63% during midday trading on Thursday, hitting $54.39. 117,889 shares of the stock were exchanged. The firm has a 50 day moving average of $56.62 and a 200-day moving average of $56.09. Banner Corporation has a 12-month low of $42.12 and a 12-month high of $60.97. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 18.94 and a beta of 1.05.
Banner Corporation (NASDAQ:BANR) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The business had revenue of $122.18 million for the quarter, compared to analysts’ expectations of $119.46 million. On average, equities analysts expect that Banner Corporation will post $3.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 10th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $5.00 dividend on an annualized basis and a yield of 8.95%. Banner Corporation’s dividend payout ratio (DPR) is 34.72%.
A number of equities research analysts have recently issued reports on BANR shares. Zacks Investment Research raised shares of Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, July 3rd. BidaskClub raised shares of Banner Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.75.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of Banner Corporation by 0.3% in the first quarter. Creative Planning now owns 1,828 shares of the financial services provider’s stock worth $102,000 after buying an additional 6 shares during the period. Quantbot Technologies LP acquired a new position in shares of Banner Corporation during the first quarter worth $107,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Banner Corporation by 236.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,500 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Banner Corporation by 182.8% in the second quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,462 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Banner Corporation during the first quarter worth $144,000. 88.50% of the stock is currently owned by hedge funds and other institutional investors.
Banner Corporation Company Profile
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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