Sei Investments Co. lessened its position in shares of Banner Corporation (NASDAQ:BANR – Free Report) by 8.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,301 shares of the financial services provider’s stock after selling 9,752 shares during the period. Sei Investments Co. owned about 0.30% of Banner worth $6,268,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Banner by 71.9% during the first quarter. First Trust Advisors LP now owns 69,297 shares of the financial services provider’s stock worth $4,205,000 after buying an additional 28,987 shares during the period. Dimensional Fund Advisors LP raised its position in Banner by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,070 shares of the financial services provider’s stock valued at $132,104,000 after buying an additional 18,077 shares during the last quarter. KBC Group NV lifted its stake in Banner by 55.0% in the 1st quarter. KBC Group NV now owns 1,528 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 542 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Banner by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 216,221 shares of the financial services provider’s stock valued at $13,120,000 after acquiring an additional 10,146 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Banner by 7,034.0% during the 1st quarter. Fifth Third Bancorp now owns 10,273 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 10,129 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on BANR shares. Keefe, Bruyette & Woods raised their price target on shares of Banner from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings raised shares of Banner from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Piper Sandler lifted their price target on shares of Banner from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Wall Street Zen cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, DA Davidson increased their price objective on shares of Banner from $72.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.75.
Banner Trading Up 0.2%
NASDAQ BANR opened at $70.55 on Tuesday. Banner Corporation has a 12 month low of $57.05 and a 12 month high of $72.65. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $67.34 and a 200-day moving average of $64.45. The company has a market cap of $2.40 billion, a PE ratio of 11.64 and a beta of 0.83.
Banner (NASDAQ:BANR – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Banner had a return on equity of 10.72% and a net margin of 23.55%.The firm had revenue of $172.11 million for the quarter, compared to analyst estimates of $174.54 million. On average, equities research analysts anticipate that Banner Corporation will post 6.2 EPS for the current fiscal year.
Banner Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, August 4th. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. Banner’s payout ratio is currently 34.32%.
About Banner
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.
Featured Articles
- Five stocks we like better than Banner
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Want to see what other hedge funds are holding BANR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banner Corporation (NASDAQ:BANR – Free Report).
Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.
