Captrust Financial Advisors Acquires 160 Shares of Banner Co. (NASDAQ:BANR)

Captrust Financial Advisors lifted its holdings in Banner Co. (NASDAQ:BANR) by 3.0% in the third quarter, HoldingsChannel.com reports. The fund owned 5,443 shares of the financial services provider’s stock after buying an additional 160 shares during the quarter. Captrust Financial Advisors’ holdings in Banner were worth $324,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Banner in the second quarter worth about $53,000. US Bancorp DE lifted its holdings in Banner by 287.1% during the third quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,065 shares in the last quarter. CWM LLC raised its stake in Banner by 60.1% in the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 715 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Banner in the second quarter worth about $152,000. Finally, Clear Creek Financial Management LLC acquired a new position in shares of Banner during the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Wall Street Analysts Forecast Growth

BANR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler set a $67.00 price objective on Banner in a report on Thursday, October 17th. Raymond James lifted their price target on Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson increased their target price on Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $67.00.

Insider Buying and Selling at Banner

In other Banner news, VP James P.G. Mclean sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total value of $113,445.00. Following the completion of the transaction, the vice president now directly owns 21,868 shares in the company, valued at approximately $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Banner Trading Down 0.9 %

Shares of NASDAQ:BANR opened at $71.37 on Friday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 14.93 and a beta of 1.07. The firm has a fifty day moving average of $69.52 and a two-hundred day moving average of $59.50. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Banner Co. has a 12-month low of $42.00 and a 12-month high of $78.05.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.12. The firm had revenue of $213.90 million for the quarter, compared to analyst estimates of $152.95 million. Banner had a return on equity of 10.22% and a net margin of 20.28%. During the same period in the previous year, the company posted $1.43 earnings per share. On average, equities analysts expect that Banner Co. will post 4.88 EPS for the current fiscal year.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, November 5th. Banner’s dividend payout ratio (DPR) is presently 40.17%.

About Banner

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.