Banner Corporation (NASDAQ:BANR) Stake Maintained by First Quadrant L P CA

First Quadrant L P CA maintained its position in Banner Corporation (NASDAQ:BANR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,800 shares of the financial services provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Banner Corporation were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BANR. Aperio Group LLC boosted its position in Banner Corporation by 6.6% in the second quarter. Aperio Group LLC now owns 7,308 shares of the financial services provider’s stock valued at $413,000 after buying an additional 450 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Banner Corporation by 206.4% in the second quarter. Nisa Investment Advisors LLC now owns 12,470 shares of the financial services provider’s stock valued at $705,000 after buying an additional 8,400 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Banner Corporation by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 5,177 shares of the financial services provider’s stock valued at $292,000 after buying an additional 2,287 shares during the last quarter. Fisher Asset Management LLC boosted its position in Banner Corporation by 28.8% in the second quarter. Fisher Asset Management LLC now owns 43,848 shares of the financial services provider’s stock valued at $2,478,000 after buying an additional 9,794 shares during the last quarter. Finally, Creative Planning boosted its position in Banner Corporation by 4.6% in the second quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock valued at $108,000 after buying an additional 85 shares during the last quarter. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

Banner Corporation (NASDAQ:BANR) opened at 54.75 on Friday. Banner Corporation has a 52-week low of $42.35 and a 52-week high of $60.97. The stock’s 50 day moving average is $56.52 and its 200 day moving average is $56.07. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 19.07 and a beta of 1.05.

Banner Corporation (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $122.18 million during the quarter, compared to analysts’ expectations of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. Equities research analysts forecast that Banner Corporation will post $3.09 earnings per share for the current year.

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Several research firms have commented on BANR. BidaskClub raised shares of Banner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Banner Corporation presently has an average rating of “Hold” and a consensus target price of $55.75.

In other news, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $56.77, for a total transaction of $189,214.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 10,338 shares of company stock valued at $577,298 over the last 90 days. Corporate insiders own 1.71% of the company’s stock.

About Banner Corporation

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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