NWQ Investment Management Company LLC lessened its holdings in Banner Corporation (NASDAQ:BANR) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,936 shares of the financial services provider’s stock after selling 2,380 shares during the quarter. NWQ Investment Management Company LLC owned 1.14% of Banner worth $22,854,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Banner by 6.0% during the 2nd quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after acquiring an additional 221,159 shares during the period. Vanguard Group Inc. lifted its position in shares of Banner by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,760,603 shares of the financial services provider’s stock valued at $156,002,000 after acquiring an additional 27,376 shares during the period. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $147,428,000 after acquiring an additional 110,369 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $123,086,000 after acquiring an additional 92,317 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Banner during the 2nd quarter valued at approximately $77,217,000. 91.62% of the stock is currently owned by institutional investors.
Banner Corporation (NASDAQ BANR) opened at $56.31 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 0.94. Banner Corporation has a 12-month low of $51.61 and a 12-month high of $62.75. The stock has a market capitalization of $1,847.31, a P/E ratio of 18.90, a P/E/G ratio of 2.01 and a beta of 1.06.
Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share (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 analyst estimates of $123.58 million. Banner had a return on equity of 7.52% and a net margin of 19.70%. analysts predict that Banner Corporation will post 3.11 earnings per share for the current fiscal year.
BANR has been the subject of a number of research reports. ValuEngine downgraded shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. DA Davidson downgraded Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. BidaskClub downgraded Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a “neutral” rating on shares of Banner in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $60.67.
In other Banner news, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $57.49, for a total value of $191,729.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 3,686 shares of company stock valued at $211,877 over the last quarter. 1.71% of the stock is currently owned by insiders.
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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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