Banner Co. (NASDAQ:BANR) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its holdings in shares of Banner Co. (NASDAQ:BANR - Free Report) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,787 shares of the financial services provider's stock after selling 7,353 shares during the period. Phocas Financial Corp. owned 0.34% of Banner worth $7,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC boosted its stake in shares of Banner by 100.9% during the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 558 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Banner in the 2nd quarter worth $53,000. US Bancorp DE grew its position in shares of Banner by 287.1% during the 3rd quarter. US Bancorp DE now owns 1,436 shares of the financial services provider's stock valued at $86,000 after acquiring an additional 1,065 shares during the period. CWM LLC increased its holdings in Banner by 60.1% in the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider's stock worth $94,000 after acquiring an additional 715 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Banner during the second quarter valued at about $152,000. Hedge funds and other institutional investors own 87.33% of the company's stock.

Insider Activity

In related news, VP James P.G. Mclean sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $75.63, for a total transaction of $113,445.00. Following the completion of the transaction, the vice president now owns 21,868 shares in the company, valued at $1,653,876.84. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Banner Trading Down 1.1 %

BANR traded down $0.82 during trading on Tuesday, reaching $72.05. The company had a trading volume of 65,419 shares, compared to its average volume of 198,525. 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 52 week low of $42.00 and a 52 week high of $77.01. The stock has a market cap of $2.48 billion, a P/E ratio of 15.14 and a beta of 1.04. The business has a 50 day simple moving average of $63.75 and a 200-day simple moving average of $55.90.

Banner (NASDAQ:BANR - Get Free Report) last announced its 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. Banner had a return on equity of 10.22% and a net margin of 20.28%. The business had revenue of $213.90 million during the quarter, compared to analyst estimates of $152.95 million. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities analysts anticipate that Banner Co. will post 4.88 EPS for the current fiscal year.

Banner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.92 dividend on an annualized basis and a yield of 2.66%. Banner's dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BANR shares. Piper Sandler set a $67.00 price objective on shares of Banner in a report on Thursday, October 17th. DA Davidson increased their price target on Banner from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Raymond James lifted their price objective on Banner from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.60.

Banner Company Profile

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.