New York State Teachers Retirement System lifted its holdings in shares of Banner Corporation (NASDAQ:BANR) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,723 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the quarter. New York State Teachers Retirement System’s holdings in Banner Corporation were worth $964,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BANR. BlackRock Inc. increased its position in shares of Banner Corporation by 15,613.6% during the first quarter. BlackRock Inc. now owns 3,704,010 shares of the financial services provider’s stock worth $206,091,000 after acquiring an additional 3,680,438 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Banner Corporation during the second quarter worth about $77,217,000. Vanguard Group Inc. increased its position in shares of Banner Corporation by 8.0% during the first quarter. Vanguard Group Inc. now owns 2,733,227 shares of the financial services provider’s stock worth $152,077,000 after acquiring an additional 201,612 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Banner Corporation by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,916,291 shares of the financial services provider’s stock worth $108,291,000 after acquiring an additional 116,608 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Banner Corporation by 136.6% during the first quarter. Renaissance Technologies LLC now owns 102,669 shares of the financial services provider’s stock worth $5,713,000 after acquiring an additional 59,278 shares during the last quarter. 89.69% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “New York State Teachers Retirement System Grows Holdings in Banner Corporation (BANR)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/14/new-york-state-teachers-retirement-system-grows-holdings-in-banner-corporation-banr.html.

BANR has been the topic of a number of analyst reports. ValuEngine lowered Banner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research lowered Banner Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. DA Davidson lowered Banner Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Banner Corporation in a research report on Friday, October 27th. Finally, BidaskClub lowered Banner Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Banner Corporation currently has a consensus rating of “Hold” and an average price target of $60.67.

Banner Corporation (NASDAQ BANR) opened at $55.41 on Tuesday. The company has a market capitalization of $1,791.89, a PE ratio of 18.33, a P/E/G ratio of 1.94 and a beta of 1.07. Banner Corporation has a 52 week low of $47.53 and a 52 week high of $62.75. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.35.

Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The firm had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. Banner Corporation had a return on equity of 7.52% and a net margin of 19.70%. analysts anticipate that Banner Corporation will post 3.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were paid a $0.25 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Banner Corporation’s dividend payout ratio (DPR) is 34.01%.

In related news, Director Gary Sirmon sold 3,335 shares of Banner Corporation stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $57.49, for a total value of $191,729.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Cynthia D. Purcell sold 1,007 shares of Banner Corporation stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $55.61, for a total value of $55,999.27. The disclosure for this sale can be found here. Insiders sold 7,925 shares of company stock valued at $446,739 over the last quarter. Insiders own 1.71% of the company’s stock.

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.

Institutional Ownership by Quarter for Banner Corporation (NASDAQ:BANR)

Receive News & Stock Ratings for Banner Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner Corporation and related stocks with our FREE daily email newsletter.