Banner Corporation (NASDAQ:BANR) Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $55.46, for a total value of $184,848.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Gary Sirmon also recently made the following trade(s):
- On Monday, June 19th, Gary Sirmon sold 3,333 shares of Banner Corporation stock. The stock was sold at an average price of $56.77, for a total value of $189,214.41.
- On Thursday, April 20th, Gary Sirmon sold 3,333 shares of Banner Corporation stock. The shares were sold at an average price of $55.00, for a total value of $183,315.00.
Shares of Banner Corporation (BANR) traded down 0.78% during trading on Friday, reaching $54.49. The company had a trading volume of 101,119 shares. The stock’s 50-day moving average price is $56.45 and its 200-day moving average price is $56.14. The company has a market capitalization of $1.81 billion, a PE ratio of 18.98 and a beta of 1.05. Banner Corporation has a 52 week low of $42.12 and a 52 week high of $60.97.
Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. The company had revenue of $122.18 million during the quarter, compared to analyst estimates of $119.46 million. On average, equities analysts expect that Banner Corporation will post $3.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 10th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 9.18%. The ex-dividend date was Thursday, July 6th. Banner Corporation’s dividend payout ratio is currently 34.72%.
A number of brokerages have commented on BANR. Zacks Investment Research cut Banner Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Piper Jaffray Companies reduced their price target on Banner Corporation from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, April 17th. Finally, BidaskClub cut Banner Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $55.75.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Banner Corporation during the fourth quarter worth approximately $2,082,000. State Board of Administration of Florida Retirement System boosted its position in Banner Corporation by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,492 shares of the financial services provider’s stock worth $865,000 after buying an additional 120 shares in the last quarter. AQR Capital Management LLC boosted its position in Banner Corporation by 16.0% in the fourth quarter. AQR Capital Management LLC now owns 21,863 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 3,010 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Banner Corporation by 1.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 7,600 shares of the financial services provider’s stock worth $424,000 after buying an additional 100 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Banner Corporation during the fourth quarter worth about $12,175,000. Institutional investors and hedge funds own 88.24% of the company’s stock.
About Banner Corporation
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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