3,512 Shares in Banner Co. (NASDAQ:BANR) Acquired by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC bought a new stake in Banner Co. (NASDAQ:BANR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 3,512 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BANR. EntryPoint Capital LLC boosted its holdings in Banner by 100.9% in the first quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 558 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Banner in the 2nd quarter valued at $53,000. US Bancorp DE grew its position in shares of Banner by 287.1% in the 3rd quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,065 shares during the last quarter. CWM LLC raised its stake in Banner by 60.1% during the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 715 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in Banner in the second quarter valued at $152,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Stock Performance

NASDAQ:BANR opened at $64.25 on Tuesday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 13.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. Banner Co. has a 1-year low of $41.87 and a 1-year high of $68.11. The firm’s fifty day moving average price is $60.92 and its 200 day moving average price is $53.95.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.12. Banner had a net margin of 20.28% and a return on equity of 10.22%. The firm had revenue of $213.90 million during the quarter, compared to analysts’ expectations of $152.95 million. During the same period in the prior year, the company posted $1.43 earnings per share. On average, sell-side analysts expect that Banner Co. will post 4.82 EPS for the current year.

Banner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, November 5th. Banner’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BANR. Raymond James raised their price objective on Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. DA Davidson boosted their price objective on Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Janney Montgomery Scott lowered shares of Banner from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Banner in a research report on Thursday, July 18th. Finally, Piper Sandler set a $67.00 price objective on shares of Banner in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.60.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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.