Banner Co. (NASDAQ:BANR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in Banner Co. (NASDAQ:BANR - Free Report) by 85.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,685 shares of the financial services provider's stock after selling 10,095 shares during the quarter. SG Americas Securities LLC's holdings in Banner were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in Banner by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the financial services provider's stock worth $859,000 after acquiring an additional 300 shares during the last quarter. Diversified Trust Co increased its stake in Banner by 3.9% during the first quarter. Diversified Trust Co now owns 9,906 shares of the financial services provider's stock worth $475,000 after acquiring an additional 371 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in Banner by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,061 shares of the financial services provider's stock worth $1,443,000 after acquiring an additional 389 shares during the last quarter. ProShare Advisors LLC increased its stake in Banner by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,906 shares of the financial services provider's stock worth $331,000 after acquiring an additional 475 shares during the last quarter. Finally, EntryPoint Capital LLC grew its stake in shares of Banner by 100.9% in the first quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider's stock valued at $53,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company's stock.

Banner Trading Up 2.9 %

Shares of Banner stock traded up $1.81 during trading hours on Monday, reaching $65.02. 146,283 shares of the company's stock were exchanged, compared to its average volume of 197,281. Banner Co. has a 52-week low of $41.48 and a 52-week high of $68.11. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 13.52 and a beta of 1.05. The company has a fifty day moving average of $60.19 and a 200-day moving average of $53.20. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30.

Banner (NASDAQ:BANR - Get Free Report) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.12. The business had revenue of $213.90 million for the quarter, compared to analyst estimates of $152.95 million. Banner had a return on equity of 10.22% and a net margin of 20.28%. During the same period last year, the company posted $1.43 EPS. Sell-side analysts forecast that Banner Co. will post 4.82 EPS for the current fiscal year.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, November 5th. This represents a $1.92 annualized dividend and a dividend yield of 2.95%. Banner's payout ratio is 39.92%.

Analyst Ratings Changes

Several research firms recently commented on BANR. Raymond James boosted their target price on Banner from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. DA Davidson boosted their target price on Banner from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Stephens reaffirmed an "overweight" rating and set a $53.00 price target on shares of Banner in a report on Thursday, July 18th. Piper Sandler set a $67.00 price target on Banner in a report on Thursday, October 17th. Finally, Janney Montgomery Scott downgraded Banner from a "buy" rating to a "neutral" rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.