Campbell & CO Investment Adviser LLC Buys Shares of 10,672 Banner Corporation $BANR

Campbell & CO Investment Adviser LLC purchased a new stake in Banner Corporation (NASDAQ:BANR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,672 shares of the financial services provider’s stock, valued at approximately $685,000.

Several other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Banner by 26.3% during the 2nd quarter. GAMMA Investing LLC now owns 952 shares of the financial services provider’s stock valued at $61,000 after buying an additional 198 shares during the last quarter. Quarry LP raised its stake in Banner by 4,612.0% in the 1st quarter. Quarry LP now owns 1,178 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,153 shares during the last quarter. AlphaQuest LLC purchased a new position in Banner in the 2nd quarter valued at about $99,000. US Bancorp DE boosted its stake in shares of Banner by 13.1% during the 1st quarter. US Bancorp DE now owns 1,978 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 229 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of Banner during the second quarter worth about $212,000. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Banner Stock Up 0.0%

BANR opened at $61.53 on Friday. Banner Corporation has a 1 year low of $54.01 and a 1 year high of $78.05. The firm has a 50 day moving average price of $63.52 and a 200 day moving average price of $64.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $2.10 billion, a PE ratio of 11.21 and a beta of 0.96.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.11. Banner had a net margin of 21.80% and a return on equity of 10.32%. The company had revenue of $168.75 million during the quarter, compared to the consensus estimate of $171.52 million. Sell-side analysts expect that Banner Corporation will post 5.23 earnings per share for the current year.

Banner Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were paid a dividend of $0.50 per share. This is a boost from Banner’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, November 4th. Banner’s payout ratio is presently 36.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BANR shares. Wall Street Zen upgraded shares of Banner from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings downgraded Banner from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. DA Davidson decreased their price target on Banner from $73.00 to $69.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Keefe, Bruyette & Woods upped their price objective on shares of Banner from $73.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $70.00 target price (down from $72.00) on shares of Banner in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Banner presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

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.