Millennium Management LLC boosted its position in Banner Co. (NASDAQ:BANR) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,819 shares of the financial services provider’s stock after purchasing an additional 33,390 shares during the quarter. Millennium Management LLC owned about 1.47% of Banner worth $28,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Flinton Capital Management LLC increased its holdings in shares of Banner by 15.3% in the 1st quarter. Flinton Capital Management LLC now owns 6,524 shares of the financial services provider’s stock worth $362,000 after buying an additional 868 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Banner by 6.3% in the 1st quarter. Citigroup Inc. now owns 15,822 shares of the financial services provider’s stock worth $878,000 after buying an additional 940 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Banner by 1.4% in the 1st quarter. Prudential Financial Inc. now owns 72,413 shares of the financial services provider’s stock worth $4,018,000 after buying an additional 1,000 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Banner by 21.3% in the 1st quarter. Profund Advisors LLC now owns 6,241 shares of the financial services provider’s stock worth $346,000 after buying an additional 1,098 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Banner by 6.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 21,952 shares of the financial services provider’s stock worth $1,218,000 after buying an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.

BANR stock opened at $64.11 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 0.93. Banner Co. has a 52 week low of $52.20 and a 52 week high of $67.11. The firm has a market cap of $2.11 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, July 25th. The financial services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.14. Banner had a net margin of 14.02% and a return on equity of 8.59%. The company had revenue of $124.28 million for the quarter, compared to analyst estimates of $121.15 million. research analysts expect that Banner Co. will post 3.68 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Banner from a “buy” rating to a “hold” rating in a report on Saturday, September 15th. Stephens reaffirmed a “hold” rating and set a $68.00 target price on shares of Banner in a report on Thursday, September 6th. Sandler O’Neill reaffirmed a “buy” rating and set a $70.00 target price on shares of Banner in a report on Monday, July 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $61.00 target price on shares of Banner in a report on Friday, July 13th. Finally, Zacks Investment Research raised shares of Banner from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, June 26th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Banner has an average rating of “Hold” and a consensus price target of $65.20.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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