CWH Capital Management Inc. Increases Holdings in Banner Corporation (BANR)
CWH Capital Management Inc. raised its position in shares of Banner Corporation (NASDAQ:BANR) by 18.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,119 shares of the financial services provider’s stock after purchasing an additional 3,446 shares during the period. CWH Capital Management Inc. owned 0.07% of Banner Corporation worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc bought a new position in Banner Corporation during the second quarter valued at $201,000. State Street Corp grew its holdings in Banner Corporation by 1.8% during the first quarter. State Street Corp now owns 988,859 shares of the financial services provider’s stock valued at $55,021,000 after purchasing an additional 17,021 shares during the period. Eagle Boston Investment Management Inc. grew its holdings in Banner Corporation by 28.4% during the second quarter. Eagle Boston Investment Management Inc. now owns 109,682 shares of the financial services provider’s stock valued at $6,198,000 after purchasing an additional 24,232 shares during the period. Kennedy Capital Management Inc. grew its holdings in Banner Corporation by 4.4% during the second quarter. Kennedy Capital Management Inc. now owns 367,421 shares of the financial services provider’s stock valued at $20,763,000 after purchasing an additional 15,531 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Banner Corporation by 2.6% during the first quarter. Principal Financial Group Inc. now owns 202,923 shares of the financial services provider’s stock valued at $11,291,000 after purchasing an additional 5,106 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in 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 issued an “equal weight” rating and a $60.00 price target for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $57.75.
Banner Corporation (BANR) traded up 0.31% during trading on Friday, hitting $61.59. The stock had a trading volume of 33,192 shares. Banner Corporation has a 52-week low of $43.22 and a 52-week high of $61.96. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 21.45 and a beta of 1.04. The company has a 50-day moving average price of $57.09 and a 200-day moving average price of $55.91.
Banner Corporation (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $119.46 million. Equities research analysts forecast that Banner Corporation will post $3.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, October 6th. Banner Corporation’s payout ratio is 34.72%.
In other news, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $55.46, for a total transaction of $184,848.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 11,258 shares of company stock valued at $631,587. Insiders own 1.71% of the company’s stock.
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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