Swiss National Bank grew its holdings in Banner Co. (NASDAQ:BANR) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 54,600 shares of the financial services provider’s stock after buying an additional 2,200 shares during the period. Swiss National Bank owned 0.17% of Banner worth $3,010,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BANR. Zions Bancorporation acquired a new stake in shares of Banner in the third quarter valued at approximately $122,000. Jane Street Group LLC purchased a new position in shares of Banner during the third quarter valued at approximately $266,000. Crossmark Global Holdings Inc. purchased a new position in shares of Banner during the third quarter valued at approximately $391,000. Piedmont Investment Advisors LLC lifted its stake in shares of Banner by 27.5% during the third quarter. Piedmont Investment Advisors LLC now owns 7,231 shares of the financial services provider’s stock valued at $443,000 after buying an additional 1,561 shares during the period. Finally, Alps Advisors Inc. purchased a new position in shares of Banner during the third quarter valued at approximately $512,000. 92.11% of the stock is owned by institutional investors and hedge funds.
Shares of Banner Co. (NASDAQ BANR) traded down $0.17 during trading hours on Wednesday, reaching $57.92. 367,890 shares of the company traded hands, compared to its average volume of 204,788. Banner Co. has a 12-month low of $51.61 and a 12-month high of $62.75. The company has a market cap of $1,885.14, a P/E ratio of 31.45, a PEG ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95.
Banner (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The company had revenue of $128.15 million for the quarter, compared to the consensus estimate of $126.56 million. Banner had a return on equity of 7.55% and a net margin of 12.02%. sell-side analysts anticipate that Banner Co. will post 3.48 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Banner from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Piper Jaffray Companies reissued a “hold” rating and issued a $58.00 price objective on shares of Banner in a research report on Friday, February 2nd. Sandler O’Neill reaffirmed a “buy” rating on shares of Banner in a report on Friday, January 26th. Zacks Investment Research raised shares of Banner from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 price objective on shares of Banner in a report on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.25.
In related news, VP Cynthia D. Purcell sold 841 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $54.67, for a total transaction of $45,977.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth A. Larsen sold 884 shares of Banner stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $57.53, for a total transaction of $50,856.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,137 shares of company stock worth $120,590. 1.71% of the stock is currently owned by insiders.
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Banner 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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