Jane Street Group LLC Purchases New Position in Banner Co. (NASDAQ:BANR)

Jane Street Group LLC acquired a new stake in Banner Co. (NASDAQ:BANR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,335 shares of the financial services provider’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BANR. Convergence Investment Partners LLC acquired a new position in shares of Banner during the 3rd quarter worth approximately $1,132,000. Stifel Financial Corp raised its holdings in Banner by 12.6% in the 3rd quarter. Stifel Financial Corp now owns 73,879 shares of the financial services provider’s stock valued at $4,529,000 after acquiring an additional 8,270 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Banner by 4.8% in 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 last quarter. Schwab Charles Investment Management Inc. raised its holdings in Banner by 17.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 151,026 shares of the financial services provider’s stock valued at $9,255,000 after acquiring an additional 22,178 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Banner by 17.6% in the 3rd quarter. Wells Fargo & Company MN now owns 90,961 shares of the financial services provider’s stock valued at $5,575,000 after acquiring an additional 13,587 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

BANR has been the subject of several analyst reports. Piper Jaffray Companies reiterated a “neutral” rating on shares of Banner in a report on Friday, October 27th. ValuEngine cut shares of Banner from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 price objective on shares of Banner in a research note on Friday, December 22nd. BidaskClub cut shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of Banner from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $61.00.

Shares of Banner Co. (NASDAQ BANR) traded up $0.75 during trading on Friday, hitting $58.42. 151,349 shares of the stock were exchanged, compared to its average volume of 142,291. The firm has a market cap of $1,940.00, a price-to-earnings ratio of 19.87, a PEG ratio of 1.89 and a beta of 1.07. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. Banner Co. has a 1-year low of $51.61 and a 1-year high of $62.75.

Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. Banner had a net margin of 19.70% and a return on equity of 7.52%. equities analysts expect that Banner Co. will post 3.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 1.71%. Banner’s dividend payout ratio (DPR) is 34.01%.

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Banner 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.

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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