Shares of Banner Co. (NASDAQ:BANR) have received a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $60.25.
BANR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. BidaskClub downgraded shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. DA Davidson downgraded shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Piper Jaffray Companies downgraded shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 price objective on shares of Banner in a research report on Friday, December 22nd.
Banner (BANR) opened at $53.20 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1,713.56, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.51 and a beta of 1.06. Banner has a 52-week low of $51.61 and a 52-week high of $62.75.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, January 8th. Banner’s payout ratio is currently 54.35%.
In other Banner news, VP Cynthia D. Purcell sold 841 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $54.67, for a total transaction of $45,977.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,192 shares of company stock worth $66,125 over the last three months. 1.71% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Zions Bancorporation purchased a new position in Banner during the 3rd quarter worth $122,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Banner by 11.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 300 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Banner by 200.0% in the second quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 2,352 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Banner by 283.1% in the third quarter. Meeder Asset Management Inc. now owns 3,739 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 2,763 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its holdings in shares of Banner by 13.5% in the second quarter. Virtu KCG Holdings LLC now owns 4,245 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 505 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.
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Banner 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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