Washington Trust Bank held its stake in shares of Banner Corporation (NASDAQ:BANR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,250 shares of the financial services provider’s stock at the end of the second quarter. Washington Trust Bank’s holdings in Banner Corporation were worth $184,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Hennessy Advisors Inc. boosted its stake in Banner Corporation by 50.0% in the first quarter. Hennessy Advisors Inc. now owns 142,500 shares of the financial services provider’s stock worth $7,929,000 after buying an additional 47,500 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Banner Corporation by 90.9% in the first quarter. Russell Investments Group Ltd. now owns 71,007 shares of the financial services provider’s stock worth $3,950,000 after buying an additional 33,807 shares during the last quarter. Strs Ohio purchased a new stake in Banner Corporation during the first quarter worth approximately $1,057,000. Fisher Asset Management LLC boosted its stake in Banner Corporation by 45.3% in the first quarter. Fisher Asset Management LLC now owns 34,054 shares of the financial services provider’s stock worth $1,895,000 after buying an additional 10,610 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Banner Corporation by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,345 shares of the financial services provider’s stock worth $2,412,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 88.50% of the company’s stock.
Banner Corporation (BANR) traded up 0.66% during midday trading on Friday, hitting $54.75. 142,384 shares of the stock were exchanged. The firm’s 50 day moving average price is $56.52 and its 200 day moving average price is $56.07. Banner Corporation has a 12 month low of $42.35 and a 12 month high of $60.97. The company has a market cap of $1.82 billion, a PE ratio of 19.07 and a beta of 1.05.
Banner Corporation (NASDAQ:BANR) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $122.18 million for the quarter, compared to the consensus estimate of $119.46 million. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. On average, equities research analysts forecast that Banner Corporation will post $3.09 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on BANR shares. BidaskClub cut shares of Banner Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research cut shares of Banner Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Banner Corporation presently has a consensus rating of “Hold” and a consensus price target of $55.75.
In other Banner Corporation news, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were 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 at this link. In the last three months, insiders have sold 10,338 shares of company stock worth $577,298. 1.71% of the stock is owned by insiders.
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.
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