Nisa Investment Advisors LLC raised its position in Banner Corporation (NASDAQ:BANR) by 206.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,470 shares of the financial services provider’s stock after buying an additional 8,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Banner Corporation were worth $705,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its position in Banner Corporation by 16.0% in the fourth quarter. AQR Capital Management LLC now owns 21,863 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 3,010 shares during the period. Norges Bank purchased a new position in shares of Banner Corporation during the fourth quarter worth about $12,175,000. Teachers Advisors LLC boosted its position in shares of Banner Corporation by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 276,302 shares of the financial services provider’s stock worth $15,420,000 after buying an additional 14,975 shares during the last quarter. Creative Planning boosted its position in shares of 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. Finally, Louisiana State Employees Retirement System boosted its position in shares of Banner Corporation by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the financial services provider’s stock worth $595,000 after buying an additional 100 shares during the last quarter. 88.50% of the stock is owned by institutional investors.
Shares of Banner Corporation (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 firm has a market cap of $1.82 billion, a PE ratio of 19.07 and a beta of 1.05. The stock has a 50 day moving average price of $56.52 and a 200 day moving average price of $56.07.
Banner Corporation (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. Equities analysts expect that Banner Corporation will post $3.09 earnings per share for the current year.
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A number of equities analysts have issued reports on BANR shares. Zacks Investment Research cut Banner Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub cut Banner Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Banner Corporation 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 Banner Corporation stock in a transaction dated Tuesday, July 18th. 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 filing with the SEC, which is available at this link. In the last quarter, insiders sold 10,338 shares of company stock worth $577,298. Company insiders own 1.71% of the company’s stock.
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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