Banner Corp. (NASDAQ:BANR) insider Kenneth A. Larsen sold 848 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $47.07, for a total value of $39,915.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Banner Corp. (NASDAQ:BANR) opened at 48.69 on Thursday. The stock’s 50 day moving average is $45.07 and its 200 day moving average is $43.44. The company has a market cap of $1627.46 billion, a PE ratio of 26.32 and a beta of 1.23. Banner Corp. has a 12 month low of $35.39 and a 12 month high of $53.14.

Banner Corp. (NASDAQ:BANR) last issued its earnings results on Wednesday, October 26th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Banner Corp. had a net margin of 14.75% and a return on equity of 6.78%. Equities analysts predict that Banner Corp. will post $2.80 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 19th. Stockholders of record on Monday, October 10th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, October 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Banner Corp.’s previous quarterly dividend of $0.21. Banner Corp.’s dividend payout ratio (DPR) is currently 45.32%.

BANR has been the subject of a number of research analyst reports. FIG Partners downgraded Banner Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. Zacks Investment Research raised shares of Banner Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Banner Corp. from $49.00 to $48.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th. FBR & Co upped their price objective on shares of Banner Corp. from $45.00 to $46.00 and gave the company a “mkt perform” rating in a research report on Tuesday, October 11th. Finally, DA Davidson reissued a “buy” rating and issued a $52.00 price objective on shares of Banner Corp. in a research report on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Banner Corp. by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,170,618 shares of the financial services provider’s stock worth $92,338,000 after buying an additional 103,391 shares in the last quarter. BlackRock Fund Advisors increased its position in Banner Corp. by 25.7% in the third quarter. BlackRock Fund Advisors now owns 1,907,165 shares of the financial services provider’s stock worth $83,419,000 after buying an additional 389,340 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Banner Corp. by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,231,501 shares of the financial services provider’s stock worth $52,387,000 after buying an additional 185,456 shares in the last quarter. Perkins Investment Management LLC increased its position in Banner Corp. by 48.1% in the third quarter. Perkins Investment Management LLC now owns 1,053,529 shares of the financial services provider’s stock worth $46,081,000 after buying an additional 342,254 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Banner Corp. by 41.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 898,975 shares of the financial services provider’s stock worth $39,321,000 after buying an additional 265,024 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Banner Corp.

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.

5 Day Chart for NASDAQ:BANR

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