Banner Co. (NASDAQ:BANR) VP Steven W. Rust sold 412 shares of Banner stock in a transaction on Monday, March 12th. The shares were sold at an average price of $57.66, for a total value of $23,755.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Banner Co. (BANR) traded down $0.03 during midday trading on Wednesday, reaching $58.06. The company’s stock had a trading volume of 14,288 shares, compared to its average volume of 197,475. Banner Co. has a twelve month low of $51.61 and a twelve month high of $62.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1,885.14, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.
Banner (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.08). Banner had a net margin of 12.02% and a return on equity of 7.55%. The firm had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $126.56 million. analysts expect that Banner Co. will post 3.48 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in Banner by 9.9% during the third quarter. California Public Employees Retirement System now owns 59,211 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 5,311 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Banner by 35.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 26,890 shares of the financial services provider’s stock worth $1,648,000 after buying an additional 7,010 shares during the period. SG Americas Securities LLC increased its holdings in shares of Banner by 307.8% in the third quarter. SG Americas Securities LLC now owns 14,452 shares of the financial services provider’s stock worth $886,000 after buying an additional 10,908 shares during the period. Eagle Boston Investment Management Inc. increased its holdings in shares of Banner by 13.2% in the third quarter. Eagle Boston Investment Management Inc. now owns 124,146 shares of the financial services provider’s stock worth $7,658,000 after buying an additional 14,464 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Banner by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock worth $147,428,000 after buying an additional 110,369 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.
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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 Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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