Insider Selling: Banner Corp. (BANR) VP Sells $415,520.00 in Stock
Banner Corp. (NASDAQ:BANR) VP Keith A. Western sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $51.94, for a total value of $415,520.00. Following the transaction, the vice president now owns 26,757 shares in the company, valued at $1,389,758.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Banner Corp. (NASDAQ:BANR) opened at 52.13 on Thursday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 25.67 and a beta of 1.23. The stock has a 50 day moving average price of $46.45 and a 200-day moving average price of $43.90. Banner Corp. has a 12 month low of $35.39 and a 12 month high of $53.14.
Banner Corp. (NASDAQ:BANR) last posted its earnings results on Wednesday, October 26th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Banner Corp. had a return on equity of 6.78% and a net margin of 14.75%. Analysts expect that Banner Corp. will post $2.80 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on BANR shares. Zacks Investment Research upgraded Banner Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. DA Davidson restated a “buy” rating and set a $52.00 price target on shares of Banner Corp. in a research report on Tuesday, August 23rd. FBR & Co lifted their price objective on Banner Corp. from $45.00 to $46.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, October 11th. Finally, FIG Partners lowered Banner Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Banner Corp. has a consensus rating of “Hold” and an average price target of $49.00.
Several large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in Banner Corp. by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,560 shares of the financial services provider’s stock worth $199,000 after buying an additional 80 shares in the last quarter. Aperio Group LLC increased its stake in Banner Corp. by 1.8% in the third quarter. Aperio Group LLC now owns 4,985 shares of the financial services provider’s stock worth $218,000 after buying an additional 86 shares in the last quarter. MUFG Americas Holdings Corp increased its stake in Banner Corp. by 2.0% in the second quarter. MUFG Americas Holdings Corp now owns 6,108 shares of the financial services provider’s stock worth $260,000 after buying an additional 118 shares in the last quarter. PineBridge Investments L.P. increased its stake in Banner Corp. by 4.8% in the second quarter. PineBridge Investments L.P. now owns 2,606 shares of the financial services provider’s stock worth $111,000 after buying an additional 120 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Banner Corp. by 1.2% in the second quarter. Sei Investments Co. now owns 11,090 shares of the financial services provider’s stock worth $471,000 after buying an additional 127 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.
Banner Corp. Company Profile
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.
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