Banner Corporation (BANR) Stake Held by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY maintained its position in shares of Banner Corporation (NASDAQ:BANR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the financial services provider’s stock at the close of the 2nd quarter. Paradigm Capital Management Inc. NY owned 0.09% of Banner Corporation worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in BANR. Stifel Financial Corp boosted its stake in shares of Banner Corporation by 21.3% in the first quarter. Stifel Financial Corp now owns 63,242 shares of the financial services provider’s stock worth $3,521,000 after acquiring an additional 11,100 shares during the period. CIBC Asset Management Inc bought a new position in shares of Banner Corporation in the second quarter worth about $201,000. State Street Corp boosted its stake in shares of Banner Corporation by 1.8% in the first quarter. State Street Corp now owns 988,859 shares of the financial services provider’s stock worth $55,021,000 after acquiring an additional 17,021 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Banner Corporation by 2.6% in the first quarter. Principal Financial Group Inc. now owns 202,923 shares of the financial services provider’s stock worth $11,291,000 after acquiring an additional 5,106 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Banner Corporation by 42.7% in the first quarter. Nuveen Asset Management LLC now owns 555,726 shares of the financial services provider’s stock worth $30,921,000 after acquiring an additional 166,373 shares during the period. 89.14% of the stock is owned by institutional investors and hedge funds.

In related news, Director Gary Sirmon sold 3,333 shares of Banner Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $55.46, for a total value of $184,848.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Cynthia D. Purcell sold 1,007 shares of Banner Corporation stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $55.61, for a total value of $55,999.27. The disclosure for this sale can be found here. Insiders have sold a total of 11,006 shares of company stock worth $614,910 over the last 90 days. Insiders own 1.71% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday, July 3rd. BidaskClub raised Banner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Stephens assumed coverage on Banner Corporation in a research note on Wednesday. They issued an “equal weight” rating and a $60.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.75.

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Banner Corporation (NASDAQ:BANR) opened at 56.31 on Wednesday. Banner Corporation has a 1-year low of $42.66 and a 1-year high of $60.97. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 19.61 and a beta of 1.05. The stock has a 50 day moving average price of $55.96 and a 200-day moving average price of $55.82.

Banner Corporation (NASDAQ:BANR) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. The firm had revenue of $122.18 million for the quarter, compared to analysts’ expectations of $119.46 million. On average, equities research analysts forecast that Banner Corporation will post $3.09 EPS for the current year.

Banner Corporation 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.

Institutional Ownership by Quarter for Banner Corporation (NASDAQ:BANR)

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