Brandywine Global Investment Management LLC reduced its position in shares of Banner Corporation (NASDAQ:BANR) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,086 shares of the financial services provider’s stock after selling 4,133 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.30% of Banner Corporation worth $5,713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BANR. BlackRock Inc. raised its stake in Banner Corporation by 15,613.6% during the 1st quarter. BlackRock Inc. now owns 3,704,010 shares of the financial services provider’s stock worth $206,091,000 after buying an additional 3,680,438 shares during the period. FMR LLC increased its holdings in Banner Corporation by 35.2% during the 1st quarter. FMR LLC now owns 2,178,833 shares of the financial services provider’s stock worth $121,230,000 after purchasing an additional 566,872 shares in the last quarter. Vanguard Group Inc. increased its holdings in Banner Corporation by 8.0% during the 1st quarter. Vanguard Group Inc. now owns 2,733,227 shares of the financial services provider’s stock worth $152,077,000 after purchasing an additional 201,612 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Banner Corporation by 42.7% during the 1st quarter. Nuveen Asset Management LLC now owns 555,726 shares of the financial services provider’s stock worth $30,921,000 after purchasing an additional 166,373 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Banner Corporation by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,799,683 shares of the financial services provider’s stock worth $100,135,000 after purchasing an additional 159,675 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Banner Corporation (NASDAQ BANR) opened at 61.26 on Thursday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.34 and a beta of 1.04. The firm’s 50-day moving average price is $56.93 and its 200-day moving average price is $55.87. Banner Corporation has a one year low of $43.22 and a one year high of $61.76.

Banner Corporation (NASDAQ:BANR) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The firm had revenue of $122.18 million during the quarter, compared to analyst estimates of $119.46 million. Analysts anticipate that Banner Corporation will post $3.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. Banner Corporation’s payout ratio is 34.72%.

A number of analysts have commented on BANR shares. BidaskClub lowered Banner Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. ValuEngine raised Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Zacks Investment Research lowered Banner Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Stephens started coverage on Banner Corporation in a report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price objective for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.75.

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In other news, VP Cynthia D. Purcell sold 1,007 shares of Banner Corporation stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total transaction of $55,999.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Sirmon sold 3,335 shares of Banner Corporation stock in a transaction that occurred on Monday, September 18th. The shares were 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. Insiders have sold 11,258 shares of company stock valued at $631,587 over the last quarter. 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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Institutional Ownership by Quarter for Banner Corporation (NASDAQ:BANR)

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