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

Caldwell Sutter Capital Inc. cut its stake in Banner Co. (NASDAQ:BANR) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,492 shares of the financial services provider’s stock after selling 1,395 shares during the period. Banner accounts for approximately 1.0% of Caldwell Sutter Capital Inc.’s portfolio, making the stock its 20th largest position. Caldwell Sutter Capital Inc.’s holdings in Banner were worth $2,103,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of Banner in the 4th quarter valued at approximately $32,000. US Bancorp DE boosted its holdings in Banner by 287.1% in the third quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,065 shares in the last quarter. CWM LLC grew its position in Banner by 19.5% during the 3rd quarter. CWM LLC now owns 2,275 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 371 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in Banner during the 3rd quarter valued at about $209,000. Finally, Princeton Capital Management LLC purchased a new position in Banner in the third quarter worth about $255,000. 87.33% of the stock is owned by institutional investors.

Banner Stock Performance

BANR opened at $70.27 on Friday. The company’s 50 day moving average is $70.36 and its 200 day moving average is $63.60. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 14.40 and a beta of 1.09. Banner Co. has a 12-month low of $42.00 and a 12-month high of $78.05.

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

Banner Announces Dividend

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

Analyst Ratings Changes

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

Insider Transactions at Banner

In other news, VP James P.G. Mclean sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $75.63, for a total value of $113,445.00. Following the completion of the sale, the vice president now directly owns 21,868 shares of the company’s stock, valued at $1,653,876.84. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Banner 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.