Rosenthal Henry Capital Advisors Inc. Purchases 700 Shares of Banner Co. (NASDAQ:BANR)

Rosenthal Henry Capital Advisors Inc. lifted its stake in shares of Banner Co. (NASDAQ:BANR) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,133 shares of the financial services provider’s stock after purchasing an additional 700 shares during the period. Banner accounts for 2.0% of Rosenthal Henry Capital Advisors Inc.’s holdings, making the stock its 24th biggest position. Rosenthal Henry Capital Advisors Inc. owned about 0.10% of Banner worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Banner during the 2nd quarter worth approximately $53,000. EntryPoint Capital LLC raised its stake in Banner by 100.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,111 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 558 shares during the period. US Bancorp DE raised its stake in 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 acquiring an additional 1,065 shares during the period. CWM LLC raised its stake in Banner by 60.1% in the 2nd quarter. CWM LLC now owns 1,904 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 715 shares during the period. Finally, Quest Partners LLC bought a new stake in Banner in the 2nd quarter valued at $152,000. Institutional investors own 87.33% of the company’s stock.

Analysts Set New Price Targets

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

Banner Price Performance

Shares of BANR traded up $0.86 during trading hours on Friday, hitting $64.90. 186,965 shares of the company were exchanged, compared to its average volume of 196,405. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 13.58 and a beta of 1.05. Banner Co. has a fifty-two week low of $41.87 and a fifty-two week high of $68.11. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $60.83 and its 200 day moving average is $53.65.

Banner (NASDAQ:BANR) last released its 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. The company had revenue of $213.90 million for the quarter, compared to analyst estimates of $152.95 million. Banner had a return on equity of 10.22% and a net margin of 20.28%. During the same period in the prior year, the firm posted $1.43 EPS. On average, equities analysts anticipate that Banner Co. will post 4.82 earnings per share for the current fiscal year.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, November 5th. Banner’s dividend payout ratio (DPR) is currently 40.17%.

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.