Banner Co. (NASDAQ:BANR) VP Cynthia D. Purcell sold 2,039 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $54.19, for a total transaction of $110,493.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:BANR traded up $2.23 during midday trading on Monday, reaching $56.00. The company had a trading volume of 7,238 shares, compared to its average volume of 157,673. The company has a fifty day simple moving average of $54.93 and a two-hundred day simple moving average of $54.98. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.84. Banner Co. has a 1-year low of $48.50 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.97.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.09. Banner had a return on equity of 10.43% and a net margin of 25.14%. The firm had revenue of $137.37 million for the quarter, compared to the consensus estimate of $137.47 million. Analysts expect that Banner Co. will post 4.21 EPS for the current year.

A number of research firms recently commented on BANR. BidaskClub downgraded shares of Banner from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. ValuEngine cut shares of Banner from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Zacks Investment Research lowered shares of Banner from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. DA Davidson raised Banner from a “neutral” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, Stephens reiterated a “hold” rating on shares of Banner in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $60.25.

Several institutional investors have recently added to or reduced their stakes in BANR. Oregon Public Employees Retirement Fund grew its position in Banner by 1.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,404 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 200 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Banner by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 16,634 shares of the financial services provider’s stock valued at $901,000 after buying an additional 204 shares in the last quarter. US Bancorp DE grew its holdings in shares of Banner by 6.4% during the second quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock valued at $197,000 after buying an additional 218 shares in the last quarter. Mason Street Advisors LLC raised its position in Banner by 2.5% during the first quarter. Mason Street Advisors LLC now owns 10,034 shares of the financial services provider’s stock valued at $544,000 after buying an additional 247 shares during the period. Finally, Arizona State Retirement System raised its position in Banner by 0.6% during the second quarter. Arizona State Retirement System now owns 48,489 shares of the financial services provider’s stock valued at $2,626,000 after buying an additional 290 shares during the period. 83.74% of the stock is currently owned by institutional investors and hedge funds.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.

See Also: Bear Market – How and Why They Occur

Insider Buying and Selling by Quarter for Banner (NASDAQ:BANR)

Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.