Banner Co. (NASDAQ:BANR) VP Cynthia D. Purcell sold 2,039 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.19, for a total transaction of $110,493.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:BANR opened at $57.15 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.97. The firm has a fifty day moving average price of $55.08 and a 200 day moving average price of $54.80. Banner Co. has a fifty-two week low of $48.50 and a fifty-two week high of $66.25. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.91 and a beta of 0.84.
Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.09. Banner had a net margin of 25.14% and a return on equity of 10.43%. The firm had revenue of $137.37 million during the quarter, compared to analyst estimates of $137.47 million. As a group, research analysts predict that Banner Co. will post 4.21 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in BANR. SG Americas Securities LLC bought a new position in Banner during the first quarter valued at $186,000. US Bancorp DE lifted its position in Banner by 6.4% during the second quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 218 shares during the last quarter. Everence Capital Management Inc. bought a new position in Banner during the first quarter valued at $225,000. Bank of Montreal Can lifted its position in Banner by 205.8% during the second quarter. Bank of Montreal Can now owns 4,186 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 2,817 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Banner in the 1st quarter worth about $248,000. Institutional investors and hedge funds own 83.74% of the company’s stock.
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.
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