Stifel Financial Corp boosted its stake in shares of Banner Corporation (NASDAQ:BANR) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,609 shares of the financial services provider’s stock after purchasing an additional 2,367 shares during the period. Stifel Financial Corp owned approximately 0.20% of Banner Corporation worth $3,709,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in BANR. Quantbot Technologies LP purchased a new stake in Banner Corporation during the 1st quarter worth approximately $107,000. Creative Planning grew its position in Banner Corporation by 4.6% during the 2nd quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 85 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Banner Corporation by 236.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,500 shares during the last quarter. Riverhead Capital Management LLC grew its position in Banner Corporation by 182.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in Banner Corporation during the 1st quarter worth approximately $144,000. 88.45% of the stock is currently owned by institutional investors.
Several research firms have weighed in on BANR. ValuEngine downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens began coverage on shares of Banner Corporation in a research report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 target price on the stock. BidaskClub raised shares of Banner Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $57.75.
Shares of Banner Corporation (NASDAQ BANR) opened at 61.89 on Wednesday. The stock has a 50 day moving average of $57.70 and a 200 day moving average of $56.07. Banner Corporation has a 12-month low of $43.22 and a 12-month high of $62.24. The stock has a market capitalization of $2.06 billion, a P/E ratio of 21.56 and a beta of 1.04.
Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The firm had revenue of $122.18 million for the quarter, compared to analyst estimates of $119.46 million. Equities research analysts anticipate that Banner Corporation will post $3.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th will be given a $0.25 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. Banner Corporation’s dividend payout ratio (DPR) is 34.72%.
In other Banner Corporation news, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Cynthia D. Purcell sold 1,007 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total transaction of $55,999.27. The disclosure for this sale can be found COPYRIGHT VIOLATION WARNING: “Banner Corporation (BANR) Shares Bought by Stifel Financial Corp” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/banner-corporation-banr-shares-bought-by-stifel-financial-corp.html.