Banner (NASDAQ:BANR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Banner Co. (NASDAQ:BANR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.50 and traded as high as $70.24. Banner shares last traded at $69.47, with a volume of 157,788 shares traded.

Analysts Set New Price Targets

BANR has been the topic of several recent research reports. DA Davidson lifted their target price on Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler set a $67.00 price objective on Banner in a research note on Thursday, October 17th. Finally, Stephens reissued an “overweight” rating and issued a $82.00 price objective on shares of Banner in a research note on Thursday, January 23rd. 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 company currently has a consensus rating of “Hold” and a consensus target price of $74.20.

Banner Price Performance

The firm has a market capitalization of $2.39 billion, a P/E ratio of 14.24 and a beta of 1.09. The business has a 50-day moving average of $70.05 and a 200 day moving average of $64.50. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, sell-side analysts predict that Banner Co. will post 5.17 earnings per share for the current fiscal year.

Banner Announces Dividend

The company 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. This represents a $1.92 annualized dividend and a yield of 2.76%. The ex-dividend date is Tuesday, February 4th. Banner’s dividend payout ratio (DPR) is 39.34%.

Insider Transactions at Banner

In other Banner news, VP James P.G. Mclean sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total transaction of $113,445.00. Following the sale, the vice president now owns 21,868 shares in the company, valued at $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction 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.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Foundry Partners LLC grew its stake in shares of Banner by 2.3% in the third quarter. Foundry Partners LLC now owns 6,194 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 137 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Banner by 3.0% during the 3rd quarter. Captrust Financial Advisors now owns 5,443 shares of the financial services provider’s stock valued at $324,000 after buying an additional 160 shares in the last quarter. CWM LLC lifted its stake in shares of 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 buying an additional 371 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Banner during the fourth quarter worth about $32,000. Finally, Financial Life Planners purchased a new stake in shares of Banner during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 87.33% 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.