Aberdeen Group plc Has $19.77 Million Position in Banner Corporation $BANR

Aberdeen Group plc trimmed its stake in Banner Corporation (NASDAQ:BANR) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 301,807 shares of the financial services provider’s stock after selling 21,329 shares during the quarter. Aberdeen Group plc owned about 0.87% of Banner worth $19,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Banner by 54.7% during the first quarter. Royal Bank of Canada now owns 22,128 shares of the financial services provider’s stock valued at $1,412,000 after purchasing an additional 7,828 shares during the period. AQR Capital Management LLC raised its stake in Banner by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 29,714 shares of the financial services provider’s stock worth $1,895,000 after buying an additional 4,877 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Banner by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,422 shares of the financial services provider’s stock worth $1,302,000 after acquiring an additional 891 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Banner in the first quarter worth approximately $248,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Banner by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,471 shares of the financial services provider’s stock valued at $7,427,000 after acquiring an additional 6,059 shares during the period. 87.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BANR shares. Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Banner in a research note on Wednesday, January 21st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Banner in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $71.17.

Banner Trading Down 0.2%

NASDAQ BANR opened at $64.23 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $64.32 and a 200 day simple moving average of $64.05. Banner Corporation has a 12 month low of $54.01 and a 12 month high of $70.06. The firm has a market capitalization of $2.19 billion, a P/E ratio of 11.39 and a beta of 0.90.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.09. The firm had revenue of $169.90 million during the quarter, compared to analyst estimates of $173.23 million. Banner had a net margin of 22.26% and a return on equity of 10.46%. On average, analysts predict that Banner Corporation will post 5.23 EPS for the current fiscal year.

Banner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, February 3rd were paid a $0.50 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a $2.00 annualized dividend and a yield of 3.1%. Banner’s dividend payout ratio (DPR) is 35.46%.

Banner Company 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.