Cwm LLC Buys 378 Shares of Banner Co. (NASDAQ:BANR)

Cwm LLC grew its stake in Banner Co. (NASDAQ:BANR) by 49.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,135 shares of the financial services provider’s stock after acquiring an additional 378 shares during the period. Cwm LLC’s holdings in Banner were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Carmel Capital Partners LLC bought a new position in Banner in the 3rd quarter worth approximately $25,000. Federated Hermes Inc. acquired a new position in shares of Banner during the third quarter valued at $45,000. Nisa Investment Advisors LLC boosted its holdings in Banner by 19.0% in the fourth 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 during the last quarter. TRUE Private Wealth Advisors acquired a new stake in Banner in the fourth quarter worth about $215,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Banner by 47.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,795 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 2,184 shares during the last quarter. 87.33% of the stock is owned by institutional investors.

Banner Trading Up 1.0 %

NASDAQ BANR opened at $46.67 on Thursday. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.70 and a beta of 1.04. Banner Co. has a 52 week low of $39.31 and a 52 week high of $55.66. The stock’s 50 day moving average price is $45.57 and its two-hundred day moving average price is $46.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82.

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Monday, April 29th. Banner’s payout ratio is 39.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Raymond James lifted their price target on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Stephens reduced their price target on Banner from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. DA Davidson dropped their price objective on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods reduced their target price on Banner from $58.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, January 22nd. Finally, Piper Sandler lowered their price target on Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Banner currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.20.

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.