Zions Bancorporation acquired a new position in shares of Banner Corporation (NASDAQ:BANR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,985 shares of the financial services provider’s stock, valued at approximately $122,000.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its position in Banner by 6.0% during the 2nd quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock worth $221,812,000 after purchasing an additional 221,159 shares during the last quarter. Vanguard Group Inc. grew its position in Banner by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,760,603 shares of the financial services provider’s stock worth $156,002,000 after purchasing an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp grew its position in Banner by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock worth $147,428,000 after purchasing an additional 110,369 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Banner by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,008,608 shares of the financial services provider’s stock worth $123,086,000 after purchasing an additional 92,317 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Banner during the 2nd quarter worth $77,217,000. 91.62% of the stock is currently owned by institutional investors.

In other news, Director Gary Sirmon sold 3,335 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $57.49, for a total value of $191,729.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 3,686 shares of company stock valued at $211,877 in the last 90 days. Company insiders own 1.71% of the company’s stock.

Several research analysts have issued reports on BANR shares. Stephens started coverage on shares of Banner in a research report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price objective on the stock. ValuEngine raised shares of Banner from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. DA Davidson downgraded shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Piper Jaffray Companies cut shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 target price for the company. in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Banner from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $60.67.

Shares of Banner Corporation (BANR) opened at $54.16 on Friday. Banner Corporation has a 52 week low of $51.61 and a 52 week high of $62.75. The company has a market cap of $1,852.25, a price-to-earnings ratio of 18.95, a PEG ratio of 2.02 and a beta of 1.06. 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 (NASDAQ:BANR) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). Banner had a return on equity of 7.52% and a net margin of 19.70%. The firm had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. equities research analysts expect that Banner Corporation will post 3.11 earnings per share for the current fiscal year.

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About Banner

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 (NASDAQ:BANR)

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