Banner Corporation (BANR) Stake Increased by Creative Planning
Creative Planning raised its position in Banner Corporation (NASDAQ:BANR) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,913 shares of the financial services provider’s stock after buying an additional 85 shares during the period. Creative Planning’s holdings in Banner Corporation were worth $108,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of BANR. BlackRock Inc. raised its position in Banner Corporation by 15,613.6% in the first quarter. BlackRock Inc. now owns 3,704,010 shares of the financial services provider’s stock worth $206,091,000 after buying an additional 3,680,438 shares during the last quarter. FMR LLC raised its position in Banner Corporation by 35.2% in the first quarter. FMR LLC now owns 2,178,833 shares of the financial services provider’s stock worth $121,230,000 after buying an additional 566,872 shares during the last quarter. Norges Bank acquired a new position in Banner Corporation during the fourth quarter worth $12,175,000. Vanguard Group Inc. raised its position in Banner Corporation by 8.0% in the first quarter. Vanguard Group Inc. now owns 2,733,227 shares of the financial services provider’s stock worth $152,077,000 after buying an additional 201,612 shares during the last quarter. Finally, Boston Partners acquired a new position in Banner Corporation during the first quarter worth $9,515,000. 88.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Banner Corporation (NASDAQ:BANR) traded down 0.54% on Thursday, reaching $55.56. The company’s stock had a trading volume of 27,284 shares. The stock has a market cap of $1.85 billion, a P/E ratio of 19.35 and a beta of 1.05. The firm’s 50 day moving average is $56.62 and its 200-day moving average is $56.09. Banner Corporation has a 52-week low of $42.12 and a 52-week high of $60.97.
Banner Corporation (NASDAQ:BANR) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. The firm had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. On average, equities research analysts forecast that Banner Corporation will post $3.09 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 10th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, July 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 8.95%. Banner Corporation’s dividend payout ratio (DPR) is 34.72%.
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A number of research analysts recently weighed in on BANR shares. Zacks Investment Research lowered Banner Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub lowered Banner Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.75.
In other Banner Corporation news, Director Gary Sirmon sold 3,333 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.77, for a total transaction of $189,214.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 7,005 shares of company stock worth $392,450 in the last quarter. Company insiders own 1.71% of the company’s stock.
About Banner Corporation
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.
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