Bank of New York Mellon Corp boosted its stake in Banner Corporation (NASDAQ:BANR) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,405,805 shares of the financial services provider’s stock after buying an additional 110,369 shares during the quarter. Bank of New York Mellon Corp owned approximately 7.23% of Banner Corporation worth $147,428,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Creative Planning lifted its position in Banner Corporation by 4.6% in the 2nd quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock worth $108,000 after buying an additional 85 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Banner Corporation by 1.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 7,556 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 134 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Banner Corporation by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 19,145 shares of the financial services provider’s stock worth $1,082,000 after purchasing an additional 159 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of Banner Corporation by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 17,384 shares of the financial services provider’s stock worth $982,000 after purchasing an additional 237 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Banner Corporation by 11.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 89.40% of the company’s stock.

A number of research analysts recently issued reports on the stock. DA Davidson lowered shares of Banner Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. ValuEngine downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies downgraded shares of Banner Corporation from an “overweight” rating to a “neutral” rating and set a $59.00 price objective for the company. in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub raised shares of Banner Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $60.67.

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Banner Corporation (BANR) opened at $57.00 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1,856.52, a PE ratio of 18.99, a P/E/G ratio of 2.01 and a beta of 1.07. Banner Corporation has a 1-year low of $49.61 and a 1-year high of $62.75.

Banner Corporation (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Banner Corporation had a return on equity of 7.52% and a net margin of 19.70%. The business had revenue of $120.55 million for the quarter, compared to analyst estimates of $123.58 million. equities analysts predict that Banner Corporation will post 3.13 earnings per share for the current fiscal year.

In related news, VP Cynthia D. Purcell sold 1,007 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total transaction of $55,999.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $57.49, for a total transaction of $191,729.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,674 shares of company stock valued at $266,423. Corporate insiders own 1.71% of the company’s stock.

Banner Corporation 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.

Institutional Ownership by Quarter for Banner Corporation (NASDAQ:BANR)

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