Banner Co. (NASDAQ:BANR) Director John R. Layman Sells 500 Shares of Stock

Banner Co. (NASDAQ:BANR) Director John R. Layman sold 500 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $55.91, for a total value of $27,955.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Banner stock traded down $0.64 during trading on Friday, hitting $55.68. The company had a trading volume of 24,713 shares, compared to its average volume of 161,967. Banner Co. has a 1-year low of $48.50 and a 1-year high of $64.20. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company’s 50 day simple moving average is $55.24 and its 200-day simple moving average is $54.58. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 13.61 and a beta of 0.82.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.10. Banner had a net margin of 24.84% and a return on equity of 10.08%. The firm had revenue of $137.49 million during the quarter, compared to the consensus estimate of $136.12 million. As a group, analysts forecast that Banner Co. will post 4.33 earnings per share for the current fiscal year.

A number of research analysts have weighed in on BANR shares. Zacks Investment Research raised shares of Banner from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Raymond James decreased their target price on shares of Banner from $64.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. BidaskClub lowered shares of Banner from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, ValuEngine lowered shares of Banner from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Banner has an average rating of “Hold” and an average price target of $59.33.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Banner by 3.3% in the second quarter. BlackRock Inc. now owns 5,232,052 shares of the financial services provider’s stock worth $283,315,000 after acquiring an additional 167,988 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Banner by 13.2% during the second quarter. Nuveen Asset Management LLC now owns 968,932 shares of the financial services provider’s stock valued at $52,468,000 after acquiring an additional 113,090 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Banner by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 883,225 shares of the financial services provider’s stock valued at $47,827,000 after acquiring an additional 44,148 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Banner by 51.5% during the second quarter. Citadel Advisors LLC now owns 595,236 shares of the financial services provider’s stock valued at $32,232,000 after acquiring an additional 202,287 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Banner by 12.5% during the second quarter. Northern Trust Corp now owns 535,510 shares of the financial services provider’s stock valued at $28,998,000 after acquiring an additional 59,558 shares in the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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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