Caldwell Sutter Capital Inc. Sells 1,395 Shares of Banner Co. (NASDAQ:BANR)

Caldwell Sutter Capital Inc. decreased its holdings in Banner Co. (NASDAQ:BANR) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,492 shares of the financial services provider’s stock after selling 1,395 shares during the period. Banner makes up about 1.0% of Caldwell Sutter Capital Inc.’s portfolio, making the stock its 20th biggest position. Caldwell Sutter Capital Inc. owned about 0.09% of Banner worth $2,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BANR. Renaissance Technologies LLC lifted its stake in Banner by 223.1% in the 2nd quarter. Renaissance Technologies LLC now owns 54,599 shares of the financial services provider’s stock valued at $2,710,000 after purchasing an additional 37,700 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Banner during the second quarter worth $394,000. Public Sector Pension Investment Board boosted its holdings in shares of Banner by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 75,787 shares of the financial services provider’s stock valued at $3,762,000 after acquiring an additional 5,378 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Banner by 113.8% during the 2nd quarter. AQR Capital Management LLC now owns 71,915 shares of the financial services provider’s stock valued at $3,570,000 after acquiring an additional 38,273 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Banner by 18.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 795,929 shares of the financial services provider’s stock worth $39,510,000 after acquiring an additional 123,903 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Analyst Upgrades and Downgrades

BANR has been the topic of several research reports. Raymond James boosted their price target on Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. DA Davidson lifted their price target on shares of Banner from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Stephens restated an “overweight” rating and issued a $82.00 price objective on shares of Banner in a report on Thursday. Piper Sandler set a $67.00 price target on Banner in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.80.

Banner Stock Performance

Shares of BANR opened at $70.27 on Friday. The stock has a 50-day moving average of $70.36 and a 200-day moving average of $63.60. Banner Co. has a one year low of $42.00 and a one year high of $78.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $2.42 billion, a PE ratio of 14.40 and a beta of 1.09.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.22 by $0.11. Banner had a return on equity of 10.11% and a net margin of 20.28%. On average, equities research analysts predict that Banner Co. will post 4.89 EPS for the current fiscal year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, February 4th. This represents a $1.92 annualized dividend and a yield of 2.73%. Banner’s payout ratio is 39.34%.

Insider Activity

In related news, VP James P.G. Mclean sold 1,500 shares of Banner stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the transaction, the vice president now owns 21,868 shares of the company’s stock, valued at $1,653,876.84. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

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.