Banner Corporation (BANR) Stake Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in Banner Corporation (NASDAQ:BANR) by 20.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,366 shares of the financial services provider’s stock after selling 24,275 shares during the quarter. New York State Common Retirement Fund owned approximately 0.28% of Banner Corporation worth $5,333,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BANR. BlackRock Inc. raised its stake in Banner Corporation by 6.0% in the second quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after purchasing an additional 221,159 shares in the last quarter. Vanguard Group Inc. grew its position in 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 valued at $152,077,000 after acquiring an additional 201,612 shares during the last quarter. Bank of New York Mellon Corp grew its position in Banner Corporation by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 2,295,436 shares of the financial services provider’s stock valued at $129,716,000 after acquiring an additional 19,015 shares during the last quarter. FMR LLC grew its position in Banner Corporation by 35.2% during the first quarter. FMR LLC now owns 2,178,833 shares of the financial services provider’s stock valued at $121,230,000 after acquiring an additional 566,872 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Banner Corporation by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,799,683 shares of the financial services provider’s stock valued at $100,135,000 after acquiring an additional 159,675 shares during the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

BANR has been the topic of a number of recent research reports. BidaskClub cut shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, July 3rd. Stephens assumed coverage on shares of Banner Corporation in a report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 target price on the stock. Finally, ValuEngine upgraded shares of Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.75.

In other news, Director Gary Sirmon sold 3,335 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $57.49, for a total transaction of $191,729.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Cynthia D. Purcell sold 1,007 shares of the stock in a transaction on 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 have sold a total of 11,258 shares of company stock worth $631,587 in the last three months. Corporate insiders own 1.71% of the company’s stock.

Shares of Banner Corporation (NASDAQ:BANR) opened at 61.08 on Monday. Banner Corporation has a 12-month low of $43.85 and a 12-month high of $62.24. The company has a market cap of $2.03 billion, a PE ratio of 21.27 and a beta of 1.04. The company has a 50-day moving average of $58.26 and a 200 day moving average of $56.22.

Banner Corporation (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. On average, equities research analysts expect that Banner Corporation will post $3.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, October 6th. Banner Corporation’s payout ratio is 34.72%.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another p

Several other institutional investors have also recently made changes to their positions in BANR. BlackRock Inc. raised its stake in Banner Corporation by 6.0% in the second quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after purchasing an additional 221,159 shares in the last quarter. Vanguard Group Inc. grew its position in 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 valued at $152,077,000 after acquiring an additional 201,612 shares during the last quarter. Bank of New York Mellon Corp grew its position in Banner Corporation by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 2,295,436 shares of the financial services provider’s stock valued at $129,716,000 after acquiring an additional 19,015 shares during the last quarter. FMR LLC grew its position in Banner Corporation by 35.2% during the first quarter. FMR LLC now owns 2,178,833 shares of the financial services provider’s stock valued at $121,230,000 after acquiring an additional 566,872 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Banner Corporation by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,799,683 shares of the financial services provider’s stock valued at $100,135,000 after acquiring an additional 159,675 shares during the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

BANR has been the topic of a number of recent research reports. BidaskClub cut shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, July 3rd. Stephens assumed coverage on shares of Banner Corporation in a report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 target price on the stock. Finally, ValuEngine upgraded shares of Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.75.

In other news, Director Gary Sirmon sold 3,335 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $57.49, for a total transaction of $191,729.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Cynthia D. Purcell sold 1,007 shares of the stock in a transaction on 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 have sold a total of 11,258 shares of company stock worth $631,587 in the last three months. Corporate insiders own 1.71% of the company’s stock.

Shares of Banner Corporation (NASDAQ:BANR) opened at 61.08 on Monday. Banner Corporation has a 12-month low of $43.85 and a 12-month high of $62.24. The company has a market cap of $2.03 billion, a PE ratio of 21.27 and a beta of 1.04. The company has a 50-day moving average of $58.26 and a 200 day moving average of $56.22.

Banner Corporation (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. On average, equities research analysts expect that Banner Corporation will post $3.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, October 6th. Banner Corporation’s payout ratio is 34.72%.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/16/banner-corporation-banr-stake-lessened-by-new-york-state-common-retirement-fund.html.

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.

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

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