Banner Co. (NASDAQ:BANR) Position Raised by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Banner Co. (NASDAQ:BANR) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,211 shares of the financial services provider’s stock after buying an additional 5,311 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Banner worth $3,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in Banner by 5.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 128,848 shares of the financial services provider’s stock valued at $7,282,000 after buying an additional 7,215 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Banner by 10.0% in the second quarter. Legal & General Group Plc now owns 53,360 shares of the financial services provider’s stock worth $3,016,000 after purchasing an additional 4,855 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Banner by 59.5% in the second quarter. BNP Paribas Arbitrage SA now owns 8,787 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 3,277 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Banner by 27.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,880 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 4,248 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Banner by 236.2% in the second 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 in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Banner Co. (NASDAQ:BANR) opened at $57.10 on Friday. Banner Co. has a fifty-two week low of $51.61 and a fifty-two week high of $62.75. The company has a market cap of $1,900.00, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.93.

Banner (NASDAQ:BANR) last released its quarterly 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 net margin of 19.70% and a return on equity of 7.52%. The business had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. equities research analysts predict that Banner Co. will post 3.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Tuesday, January 9th were paid a $0.25 dividend. The ex-dividend date was Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. Banner’s dividend payout ratio (DPR) is presently 34.01%.

BANR has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $60.00 price objective on shares of Banner in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Banner from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. ValuEngine downgraded shares of Banner from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. DA Davidson downgraded shares of Banner from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, BidaskClub downgraded shares of Banner from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $61.00.

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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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