Banner said on January 19, 2023 that its board of directors declared a regular quarterly dividend of $0.48 per share. Shareholders of record as of February 1, 2023 will receive the payment on February 13, 2023. Previously, the company paid $0.44 per share.
At the most recent share price of $63.32 / share, the stock’s dividend yield is 0.76%. Additionally, the company’s dividend payout ratio is 0.34, indicating it is retaining a low percentage of its earnings to reinvest in growth opportunities.
The company’s 3-Year dividend growth rate is 0.17%, demonstrating that it consistently increased its dividends over time.
Analyst Price Forecast Suggests 19.20% Upside
As of January 24, 2023, the average one-year price target for Banner is $75.48. The forecasts range from a low of $70.70 to a high of $82.95. The average price target represents an increase of 19.20% from its latest reported closing price of $63.32.
The projected annual revenue for Banner is $633MM, an increase of 2.36%. The projected annual EPS is $6.56, an increase of 14.99%.
There are 562 funds or institutions reporting positions in Banner Corporation. This is an increase of 8 owner(s) or 1.44%.
Average portfolio weight of all funds dedicated to Banner Corporation is 0.2356%, an increase of 15.9274%. Total shares owned by institutions increased in the last three months by 2.21% to 35,199,083 shares.
What are large shareholders doing?
Channing Capital Management, LLC holds 1,164,752 shares representing 3.41% ownership of the company. In it’s prior filing, the firm reported owning 1,324,584 shares, representing a decrease of 13.72%. The firm decreased its portfolio allocation in BANR by 2.16% over the last quarter.
Nuveen Asset Management, LLC holds 935,067 shares representing 2.73% ownership of the company. In it’s prior filing, the firm reported owning 876,504 shares, representing an increase of 6.26%. The firm decreased its portfolio allocation in BANR by 28.91% over the last quarter.
Charles Schwab Investment Management Inc holds 842,946 shares representing 2.47% ownership of the company. In it’s prior filing, the firm reported owning 777,814 shares, representing an increase of 7.73%. The firm increased its portfolio allocation in BANR by 17.25% over the last quarter.
Goldman Sachs Group Inc holds 780,311 shares representing 2.28% ownership of the company. In it’s prior filing, the firm reported owning 890,564 shares, representing a decrease of 14.13%. The firm decreased its portfolio allocation in BANR by 5.78% over the last quarter.
Bank of New York Mellon Corp holds 761,715 shares representing 2.23% ownership of the company. In it’s prior filing, the firm reported owning 772,394 shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in BANR by 50.73% over the last quarter.
Banner Corp. Background Information
(This description is provided by the company.)
Banner Corporation is a $15.03 billion bank holding company operating a commercial bank in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans.
This article originally appeared on Fintel
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.