New York State Teachers Retirement System held its position in Banner Corporation (NASDAQ:BANR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,223 shares of the financial services provider’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in Banner Corporation were worth $736,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in BANR. Creative Planning raised its position in Banner Corporation by 0.3% in the first quarter. Creative Planning now owns 1,828 shares of the financial services provider’s stock worth $102,000 after buying an additional 6 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Banner Corporation during the first quarter worth $107,000. Ameritas Investment Partners Inc. bought a new position in shares of Banner Corporation during the first quarter worth $144,000. US Bancorp DE raised its position in shares of Banner Corporation by 28.5% in the first quarter. US Bancorp DE now owns 3,886 shares of the financial services provider’s stock worth $216,000 after buying an additional 863 shares in the last quarter. Finally, MUFG Americas Holdings Corp raised its position in shares of Banner Corporation by 1.2% in the first quarter. MUFG Americas Holdings Corp now owns 4,043 shares of the financial services provider’s stock worth $225,000 after buying an additional 48 shares in the last quarter. 88.50% of the stock is owned by institutional investors and hedge funds.
Banner Corporation (BANR) traded up 0.66% on Friday, reaching $54.75. 142,384 shares of the company traded hands. The stock has a 50 day moving average of $56.52 and a 200-day moving average of $56.07. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.07 and a beta of 1.05. Banner Corporation has a 1-year low of $42.35 and a 1-year high of $60.97.
Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. On average, equities analysts anticipate that Banner Corporation will post $3.09 EPS for the current year.
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BANR has been the subject of a number of research reports. BidaskClub lowered shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.75.
In other Banner Corporation news, Director Gary Sirmon sold 3,333 shares of Banner Corporation stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $55.46, for a total transaction of $184,848.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 10,338 shares of company stock worth $577,298 over the last 90 days. 1.71% of the stock is owned by company insiders.
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.
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