Campbell & CO Investment Adviser LLC decreased its position in shares of Banner Co. (NASDAQ:BANR – Free Report) by 41.0% in the fourth quarter, HoldingsChannel reports. The firm owned 8,463 shares of the financial services provider’s stock after selling 5,885 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Banner were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of BANR. Victory Capital Management Inc. lifted its holdings in shares of Banner by 247.2% during the fourth quarter. Victory Capital Management Inc. now owns 641,701 shares of the financial services provider’s stock worth $34,370,000 after purchasing an additional 456,868 shares during the period. Norges Bank acquired a new stake in shares of Banner during the fourth quarter worth about $12,097,000. Hsbc Holdings PLC lifted its holdings in shares of Banner by 2,700.2% during the fourth quarter. Hsbc Holdings PLC now owns 221,243 shares of the financial services provider’s stock worth $11,861,000 after purchasing an additional 213,342 shares during the period. Channing Capital Management LLC acquired a new stake in shares of Banner during the fourth quarter worth about $8,293,000. Finally, Dimensional Fund Advisors LP raised its position in Banner by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,257,865 shares of the financial services provider’s stock valued at $120,934,000 after acquiring an additional 62,774 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.
Banner Stock Performance
NASDAQ BANR opened at $45.59 on Tuesday. The stock has a market cap of $1.57 billion, a PE ratio of 9.48 and a beta of 1.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. Banner Co. has a twelve month low of $39.31 and a twelve month high of $55.66. The stock has a fifty day simple moving average of $45.69 and a 200-day simple moving average of $47.19.
Banner (NASDAQ:BANR – Get Free Report) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Banner had a return on equity of 11.47% and a net margin of 21.62%. The company had revenue of $144.55 million during the quarter, compared to analysts’ expectations of $150.67 million. Equities analysts anticipate that Banner Co. will post 4.72 earnings per share for the current year.
Banner Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Monday, April 29th. Banner’s dividend payout ratio is currently 39.92%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on BANR shares. Piper Sandler reduced their price target on Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Stephens reduced their price target on Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. StockNews.com cut Banner from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, DA Davidson cut their price objective on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.20.
Check Out Our Latest Stock Analysis on BANR
About Banner
(Free Report)
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.
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