The Vanguard Group, Inc. has recently announced that it has increased stake in Banner Corporation (NASDAQ:BANR) by 0.15%. After grabbing 3.94 million shares, the institutional investor is now in possession of 5871.0 shares of the Financial Company. The new investment brought the stake of investor firm to 11.54% having worth around $249.31 million. Moreover, Charles Schwab Investment Managem increased its share by 65132.0 to have a control over 0.84 million shares. And Geode Capital Management LLC raised its holdings to 7504.0 shares by acquiring 0.63 million shares or 1.85% of the stake.
Banner Corporation (BANR) concluded trading on 01/18/23 at a closing price of $61.32, with 0.21 million shares of worth about $12.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.99% during that period and on Wednesday the price saw a loss of about -3.74%. Currently the company’s common shares owned by public are about 34.23M shares, out of which, 33.68M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the BANR stock and their offered price forecasts bring an average price target of $74.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $79.00 and could fall to a lowest price of $70.00. The stock’s current price level is 17.14% above of average price target set by the analysts, while a rise to estimated low would result in gain of 12.4% for the stock. However, touching the estimated high of $79.00 would mean a gain of 22.38% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 101 times over the past 12 months. They bought 106,331 shares in 56 of the transactions. In 45 selling transactions, insiders dumped 20,124 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Banner Corporation iShares Core S&P Small Cap ETF is currently holding 2.4 million shares of worth totaling $151.66 million. The company recently came buying 0.0 shares which brought its stake up to 7.02% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1678.0 shares, after which its hold over company’s outstanding shares expand to 3.02%, leaving 1.03 million shares with the mutual fund that have a worth of about $65.24 million. Vanguard Small Cap Index Fund, after buying 0.88 million shares, have now control over 2.58% of the stake in the company. It holds 72.0 shares of worth $55.76 million.
Banner Corporation (NASDAQ: BANR) started trading at $63.20, below -$0.5 from concluding price of the previous day. However, the stock later moved at a day high price of 63.44, or with a loss of -3.74%. Stock saw a price change of -3.08% in past 5 days and over the past one month there was a price change of -1.79%. Year-to-date (YTD), BANR shares are showing a performance of -2.97% which decreased to -7.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.35 but also hit the highest price of $75.72 during that period. The average intraday trading volume for Banner Corporation shares is 179.03K. The stock is currently trading -2.71% below its 20-day simple moving average (SMA20), while that difference is down -7.90% for SMA50 and it goes to 0.15% higher than SMA200.
The Vanguard Group, Inc. acquired 3.94 million shares of Banner Corporation having value of about $249.31 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 5871.0 shares in the company valued at close to $360009.72, or have control over 0.15% stake in the company. Banner Corporation (NASDAQ: BANR) currently have 34.23M outstanding shares and institutions hold larger chunk of about 87.60% of that. Holding of mutual funds in the company is about 56.21% while other institutional holders and individual stake holders have control over 6.96% and 31.29% of the stake respectively.
The stock has a current market capitalization of $2.10B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 11.09, while it has posted earnings per share of $5.53 in the same period. Its PEG reads 1.58 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BANR, volatility over the week remained 2.18% while standing at 2.16% over the month.
Analysts are in expectations that Banner Corporation (BANR) stock would likely to be making an EPS of $1.59 in the current quarter, while forecast for next quarter EPS is $1.58 and it is $6.43 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.49 which is $1.67 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.44 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 76.50% while it is estimated to increase by 12.57% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 17.90% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Banner Corporation (BANR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 6 Wall Street analysts, 3 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on October 21, 2022 offering an Outperform rating for the stock and assigned a target price range of between $68 and $72 to it. Coverage by Janney stated Banner Corporation (BANR) stock as a Buy in their note to investors on June 28, 2022, suggesting a price target of $68 for the stock. On June 17, 2022, Stephens Upgrade their recommendations, while on September 07, 2021, DA Davidson Downgrade their ratings for the stock with a price target of $60. Stock get a Strong buy rating from Raymond James on April 07, 2021.