Hsbc Holdings PLC Lowers Holdings in Banner Co. (NASDAQ:BANR)

Hsbc Holdings PLC reduced its position in shares of Banner Co. (NASDAQ:BANR) by 68.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,374 shares of the financial services provider’s stock after selling 37,381 shares during the quarter. Hsbc Holdings PLC’s holdings in Banner were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. TFO Wealth Partners LLC lifted its stake in shares of Banner by 35,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 718 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 716 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Banner during the second quarter valued at about $53,000. EntryPoint Capital LLC boosted its holdings in shares of Banner by 100.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock valued at $53,000 after buying an additional 558 shares in the last quarter. CWM LLC grew its position in shares of Banner by 60.1% in the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock worth $94,000 after buying an additional 715 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Banner during the 2nd quarter worth approximately $152,000. 87.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BANR has been the subject of several recent analyst reports. Janney Montgomery Scott downgraded shares of Banner from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com downgraded Banner from a “hold” rating to a “sell” rating in a research note on Saturday, June 8th. Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Banner in a research note on Thursday, July 18th. Finally, Piper Sandler boosted their price target on Banner from $51.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Banner currently has an average rating of “Hold” and a consensus price target of $54.00.

Banner Trading Down 0.7 %

Banner stock opened at $58.83 on Monday. The firm has a market cap of $2.03 billion, a PE ratio of 12.23 and a beta of 1.05. Banner Co. has a 12 month low of $39.31 and a 12 month high of $61.77. The stock’s 50 day simple moving average is $57.64 and its two-hundred day simple moving average is $50.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. Banner had a net margin of 20.93% and a return on equity of 10.89%. The firm had revenue of $149.75 million for the quarter, compared to the consensus estimate of $149.66 million. Analysts anticipate that Banner Co. will post 4.71 earnings per share for the current year.

Banner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, August 6th. Banner’s dividend payout ratio (DPR) is presently 39.92%.

Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.