Banner Co. (NASDAQ:BANR) Shares Purchased by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. lifted its holdings in Banner Co. (NASDAQ:BANRGet Rating) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,420 shares of the financial services provider’s stock after acquiring an additional 705 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Banner were worth $996,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BANR. Buckingham Strategic Wealth LLC lifted its holdings in Banner by 0.8% during the third quarter. Buckingham Strategic Wealth LLC now owns 25,670 shares of the financial services provider’s stock valued at $1,417,000 after purchasing an additional 198 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Banner by 1.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,018 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 208 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Banner by 3.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 7,889 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 260 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Banner by 0.7% during the third quarter. Voya Investment Management LLC now owns 40,560 shares of the financial services provider’s stock valued at $2,240,000 after purchasing an additional 282 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Banner by 2.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,503 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

In other Banner news, VP Kenneth William Johnson sold 2,900 shares of Banner stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $61.50, for a total transaction of $178,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roberto R. Herencia purchased 1,800 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were bought at an average price of $54.73 per share, with a total value of $98,514.00. Following the completion of the transaction, the director now owns 8,628 shares of the company’s stock, valued at $472,210.44. The disclosure for this purchase can be found here. 1.46% of the stock is currently owned by company insiders.

BANR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Banner from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Monday, March 28th. Stephens increased their target price on shares of Banner from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Raymond James reduced their target price on shares of Banner from $72.00 to $70.00 and set a “strong-buy” rating for the company in a research report on Friday, April 22nd. Finally, StockNews.com initiated coverage on shares of Banner in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $66.00.

Banner stock traded up $0.29 during midday trading on Friday, hitting $54.70. 165,700 shares of the stock were exchanged, compared to its average volume of 185,163. Banner Co. has a fifty-two week low of $49.10 and a fifty-two week high of $66.79. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.58 and a beta of 1.03. The stock’s 50-day simple moving average is $55.50 and its 200 day simple moving average is $42.76. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Banner (NASDAQ:BANRGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.24. Banner had a net margin of 32.46% and a return on equity of 12.47%. The firm had revenue of $138.08 million during the quarter, compared to analysts’ expectations of $136.20 million. During the same period last year, the business earned $1.33 earnings per share. Equities analysts anticipate that Banner Co. will post 5.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Tuesday, May 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, May 2nd. Banner’s payout ratio is currently 30.82%.

Banner Profile (Get Rating)

Banner Corporation operates as the bank holding company for Banner Bank that provide 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.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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