Banner Corp. (NASDAQ:BANR) VP Keith A. Western sold 8,000 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $51.94, for a total value of $415,520.00. Following the completion of the transaction, the vice president now directly owns 26,757 shares of the company’s stock, valued at $1,389,758.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Banner Corp. (NASDAQ:BANR) traded down 0.36% on Monday, reaching $52.02. The company had a trading volume of 565,255 shares. The company has a market capitalization of $1.74 billion, a P/E ratio of 25.61 and a beta of 1.23. The company has a 50 day moving average of $46.24 and a 200-day moving average of $43.81. Banner Corp. has a 52 week low of $35.39 and a 52 week high of $53.14.
Banner Corp. (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Banner Corp. had a return on equity of 6.78% and a net margin of 14.75%. Analysts predict that Banner Corp. will post $2.80 earnings per share for the current fiscal year.
Several research analysts have recently commented on BANR shares. FIG Partners lowered Banner Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. FBR & Co reissued a “hold” rating and issued a $46.00 price target on shares of Banner Corp. in a research report on Friday, October 28th. Zacks Investment Research raised Banner Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 19th. Finally, DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of Banner Corp. in a research report on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Banner Corp. presently has an average rating of “Hold” and an average price target of $49.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. raised its position in Banner Corp. by 4.8% in the second quarter. PineBridge Investments L.P. now owns 2,606 shares of the financial services provider’s stock valued at $111,000 after buying an additional 120 shares in the last quarter. Mason Street Advisors LLC purchased a new position in Banner Corp. during the second quarter valued at approximately $171,000. Municipal Employees Retirement System of Michigan raised its position in Banner Corp. by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,560 shares of the financial services provider’s stock worth $199,000 after buying an additional 80 shares during the period. Aperio Group LLC raised its position in Banner Corp. by 1.8% in the third quarter. Aperio Group LLC now owns 4,985 shares of the financial services provider’s stock worth $218,000 after buying an additional 86 shares during the period. Finally, Baker Boyer National Bank bought a new position in Banner Corp. during the third quarter worth about $225,000. Institutional investors and hedge funds own 80.13% of the company’s stock.
About Banner Corp.