BidaskClub upgraded shares of Banner Corporation (NASDAQ:BANR) from a sell rating to a hold rating in a report issued on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Banner Corporation from a buy rating to a hold rating in a report on Thursday, April 27th. Piper Jaffray Companies lowered their price target on Banner Corporation from $64.00 to $62.00 and set an overweight rating for the company in a report on Monday, April 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Banner Corporation presently has a consensus rating of Hold and a consensus price target of $55.75.

Shares of Banner Corporation (NASDAQ BANR) opened at 56.98 on Friday. The stock’s 50 day moving average price is $56.36 and its 200 day moving average price is $56.13. The company has a market cap of $1.90 billion, a PE ratio of 19.85 and a beta of 1.05. Banner Corporation has a one year low of $40.65 and a one year high of $60.97.

Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. The company had revenue of $122.18 million during the quarter, compared to analysts’ expectations of $119.46 million. Equities analysts predict that Banner Corporation will post $3.09 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 10th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 8.78%. Banner Corporation’s dividend payout ratio (DPR) is currently 34.72%.

In related news, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $55.46, for a total transaction of $184,848.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 7,005 shares of company stock worth $392,450 in the last 90 days. 1.71% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of BANR. BlackRock Inc. raised its stake in shares of Banner Corporation by 15,613.6% in the first quarter. BlackRock Inc. now owns 3,704,010 shares of the financial services provider’s stock worth $206,091,000 after buying an additional 3,680,438 shares in the last quarter. FMR LLC raised its stake in shares of Banner Corporation by 35.2% in the first quarter. FMR LLC now owns 2,178,833 shares of the financial services provider’s stock worth $121,230,000 after buying an additional 566,872 shares in the last quarter. Norges Bank purchased a new stake in shares of Banner Corporation during the fourth quarter worth $12,175,000. Vanguard Group Inc. raised its stake in shares of Banner Corporation by 8.0% in the first quarter. Vanguard Group Inc. now owns 2,733,227 shares of the financial services provider’s stock worth $152,077,000 after buying an additional 201,612 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Banner Corporation during the first quarter worth $9,515,000. Institutional investors and hedge funds own 88.24% of the company’s stock.

About Banner Corporation

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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