New York State Teachers Retirement System Reduces Stock Holdings in Banner Corporation $BANR

Posted by Geri Gentry on Jul 15th, 2026

New York State Teachers Retirement System reduced its holdings in Banner Corporation (NASDAQ:BANR – Free Report) by 75.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,318 shares of the financial services provider’s stock after selling 10,267 shares during the period. New York State Teachers Retirement System’s holdings in Banner were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Banner by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,837,199 shares of the financial services provider’s stock worth $240,439,000 after purchasing an additional 44,249 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Banner by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,158,993 shares of the financial services provider’s stock valued at $135,284,000 after purchasing an additional 5,552 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Banner by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,700 shares of the financial services provider’s stock valued at $90,776,000 after purchasing an additional 6,835 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Banner by 19.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,347 shares of the financial services provider’s stock valued at $64,878,000 after purchasing an additional 165,557 shares during the last quarter. Finally, Nuveen LLC grew its position in Banner by 17.9% during the 4th quarter. Nuveen LLC now owns 749,083 shares of the financial services provider’s stock worth $46,938,000 after purchasing an additional 113,632 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Stock Up 0.7%

BANR stock opened at $69.05 on Wednesday. Banner Corporation has a one year low of $57.05 and a one year high of $69.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.86. The firm’s fifty day moving average is $65.69 and its 200 day moving average is $63.80. The firm has a market cap of $2.35 billion, a PE ratio of 11.62 and a beta of 0.83.

Banner (NASDAQ:BANR – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Banner had a net margin of 23.24% and a return on equity of 10.77%. The business had revenue of $168.91 million during the quarter, compared to the consensus estimate of $169.60 million. On average, research analysts forecast that Banner Corporation will post 6.12 EPS for the current year.

Banner Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from Banner’s previous quarterly dividend of $0.50. Banner’s payout ratio is currently 35.02%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BANR shares. DA Davidson reiterated a “neutral” rating and set a $72.00 price objective on shares of Banner in a research note on Monday, May 4th. Piper Sandler raised their target price on Banner from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Weiss Ratings upgraded Banner from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Benchmark started coverage on Banner in a report on Wednesday, July 8th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Banner from $73.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $71.00.

Read Our Latest Research Report on Banner

About Banner

(Free Report)

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.