Banner Co. (NASDAQ:BANR) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in Banner Co. (NASDAQ:BANR) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 717,058 shares of the financial services provider’s stock after purchasing an additional 25,525 shares during the period. Westwood Holdings Group Inc. owned 2.08% of Banner worth $34,419,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BANR. TFO Wealth Partners LLC increased its holdings in Banner by 35,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 718 shares of the financial services provider’s stock valued at $38,000 after buying an additional 716 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of Banner by 100.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 558 shares in the last quarter. CWM LLC increased its holdings in shares of Banner by 49.9% in the 4th quarter. CWM LLC now owns 1,135 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 378 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Banner by 19.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,535 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 245 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in Banner during the fourth quarter worth $215,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BANR shares. Piper Sandler increased their target price on shares of Banner from $51.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. StockNews.com cut shares of Banner from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. DA Davidson decreased their target price on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Banner in a research report on Thursday, July 18th. Finally, Janney Montgomery Scott lowered Banner from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.00.

Banner Stock Performance

Shares of NASDAQ BANR traded down $1.69 during midday trading on Friday, hitting $54.88. 231,338 shares of the company’s stock were exchanged, compared to its average volume of 228,639. Banner Co. has a twelve month low of $39.31 and a twelve month high of $61.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $1.89 billion, a P/E ratio of 11.41 and a beta of 1.06. The stock’s 50 day moving average price is $50.77 and its 200-day moving average price is $47.59.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Tuesday, August 6th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.50%. Banner’s payout ratio is 39.92%.

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.