Sterling Capital Management LLC acquired a new stake in Banner Co. (NASDAQ:BANR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,280 shares of the financial services provider’s stock, valued at approximately $1,243,000. Sterling Capital Management LLC owned 0.06% of Banner at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BANR. Tudor Investment Corp ET AL grew its stake in Banner by 1.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 7,556 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 134 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Banner by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 17,384 shares of the financial services provider’s stock worth $982,000 after purchasing an additional 237 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Banner by 11.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 300 shares in the last quarter. Symphony Asset Management LLC grew its stake in Banner by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 10,551 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 406 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Banner by 10.2% during the 2nd quarter. Amalgamated Bank now owns 4,441 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Banner Co. (NASDAQ:BANR) traded up $1.23 on Thursday, reaching $57.67. The company’s stock had a trading volume of 118,749 shares, compared to its average volume of 116,281. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1,900.00, a P/E ratio of 19.62, a PEG ratio of 1.96 and a beta of 1.07. Banner Co. has a 12-month low of $51.61 and a 12-month high of $62.75.
Banner (NASDAQ:BANR) last posted its quarterly earnings data 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). The company had revenue of $120.55 million for the quarter, compared to analysts’ expectations of $123.58 million. Banner had a net margin of 19.70% and a return on equity of 7.52%. analysts predict that Banner Co. will post 3.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, January 8th. Banner’s dividend payout ratio is presently 34.01%.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Banner from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine cut Banner from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $60.00 price objective on shares of Banner in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Banner in a research report on Friday, October 27th. Finally, Stephens assumed coverage on Banner in a research report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $60.50.
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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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