Banner Co. (BANR) VP Cynthia D. Purcell Sells 841 Shares

Banner Co. (NASDAQ:BANR) VP Cynthia D. Purcell sold 841 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $54.67, for a total value of $45,977.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Banner Co. (NASDAQ:BANR) traded down $0.47 during mid-day trading on Tuesday, hitting $53.03. The stock had a trading volume of 412,058 shares, compared to its average volume of 180,282. Banner Co. has a 1 year low of $51.61 and a 1 year high of $62.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1,810.43, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Banner had a return on equity of 7.55% and a net margin of 12.02%. The firm had revenue of $128.15 million during the quarter, compared to the consensus estimate of $126.56 million. research analysts forecast that Banner Co. will post 3.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Tuesday, January 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. Banner’s dividend payout ratio (DPR) is 54.35%.

A number of research firms have commented on BANR. DA Davidson cut Banner from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. ValuEngine cut Banner from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Banner in a report on Friday, October 27th. Finally, BidaskClub cut Banner from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $60.25.

Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC purchased a new position in Banner in the second quarter worth about $77,217,000. Bank of New York Mellon Corp grew its position in Banner by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock worth $147,428,000 after acquiring an additional 110,369 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Banner by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,008,608 shares of the financial services provider’s stock worth $123,086,000 after acquiring an additional 92,317 shares in the last quarter. Ameriprise Financial Inc. grew its position in Banner by 15.0% in the third quarter. Ameriprise Financial Inc. now owns 463,304 shares of the financial services provider’s stock worth $28,392,000 after acquiring an additional 60,505 shares in the last quarter. Finally, Dean Capital Management purchased a new position in Banner in the second quarter worth about $3,243,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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About Banner

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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