Thrivent Financial for Lutherans Has $15.47 Million Holdings in Banner Co. (NASDAQ:BANR)

Thrivent Financial for Lutherans lowered its stake in Banner Co. (NASDAQ:BANR - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,726 shares of the financial services provider's stock after selling 14,263 shares during the quarter. Thrivent Financial for Lutherans owned about 0.75% of Banner worth $15,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BANR. SG Americas Securities LLC acquired a new stake in shares of Banner in the 1st quarter worth approximately $202,000. Russell Investments Group Ltd. lifted its position in Banner by 19.1% in the first quarter. Russell Investments Group Ltd. now owns 40,407 shares of the financial services provider's stock worth $1,940,000 after purchasing an additional 6,470 shares during the period. ProShare Advisors LLC boosted its stake in Banner by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,906 shares of the financial services provider's stock valued at $331,000 after purchasing an additional 475 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Banner by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,517 shares of the financial services provider's stock valued at $1,897,000 after purchasing an additional 1,695 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings 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 during the period. Institutional investors own 87.33% of the company's stock.

Insider Buying and Selling at Banner

In related news, VP James P.G. Mclean sold 1,500 shares of Banner stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the completion of the sale, the vice president now owns 21,868 shares of the company's stock, valued at approximately $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Banner Trading Down 0.0 %

NASDAQ BANR opened at $72.24 on Thursday. The firm's 50 day moving average price is $64.38 and its two-hundred day moving average price is $56.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.85. Banner Co. has a twelve month low of $42.00 and a twelve month high of $77.01. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 15.11 and a beta of 1.04.

Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $152.95 million. During the same quarter in the previous year, the company posted $1.43 earnings per share. Equities analysts anticipate that Banner Co. will post 4.88 EPS for the current year.

Banner Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on BANR. Piper Sandler set a $67.00 price target on shares of Banner in a research report on Thursday, October 17th. DA Davidson increased their target price on shares of 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 target on shares of Banner from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Banner has a consensus rating of "Hold" and an average target price of $61.60.

About Banner

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.