Gary Sirmon Sells 3,333 Shares of Banner Corporation (BANR) Stock

Banner Corporation (NASDAQ:BANR) Director Gary Sirmon sold 3,333 shares of Banner Corporation stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gary Sirmon also recently made the following trade(s):

  • On Tuesday, July 18th, Gary Sirmon sold 3,333 shares of Banner Corporation stock. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18.
  • On Monday, June 19th, Gary Sirmon sold 3,333 shares of Banner Corporation stock. The shares were sold at an average price of $56.77, for a total transaction of $189,214.41.

Shares of Banner Corporation (NASDAQ BANR) traded up 0.66% on Friday, hitting $54.75. 142,384 shares of the stock were exchanged. Banner Corporation has a one year low of $42.35 and a one year high of $60.97. The firm’s 50 day moving average price is $56.52 and its 200 day moving average price is $56.07. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 19.07 and a beta of 1.05.

Banner Corporation (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The business had revenue of $122.18 million for the quarter, compared to analysts’ expectations of $119.46 million. Equities analysts anticipate that Banner Corporation will post $3.09 earnings per share for the current year.

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A number of research firms have commented on BANR. BidaskClub upgraded shares of Banner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Banner Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.75.

Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its position in Banner Corporation by 114.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 16,322 shares of the financial services provider’s stock valued at $922,000 after buying an additional 8,725 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Banner Corporation during the second quarter valued at approximately $320,000. Dean Capital Management bought a new position in Banner Corporation during the second quarter valued at approximately $3,243,000. Ameritas Investment Partners Inc. boosted its position in Banner Corporation by 11.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after buying an additional 300 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in Banner Corporation during the second quarter valued at approximately $359,000. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

Banner Corporation Company Profile

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

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

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