US Bancorp DE raised its position in Banner Corporation (NASDAQ:BANR) by 28.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,886 shares of the financial services provider’s stock after buying an additional 863 shares during the period. US Bancorp DE’s holdings in Banner Corporation were worth $216,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BANR. Russell Investments Group Ltd. acquired a new position in shares of Banner Corporation during the fourth quarter worth about $2,082,000. State Board of Administration of Florida Retirement System increased its position in shares of Banner Corporation by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,492 shares of the financial services provider’s stock worth $865,000 after buying an additional 120 shares during the last quarter. Comerica Bank increased its position in shares of Banner Corporation by 5.4% in the fourth quarter. Comerica Bank now owns 28,719 shares of the financial services provider’s stock worth $1,651,000 after buying an additional 1,460 shares during the last quarter. State Street Corp increased its position in shares of Banner Corporation by 40.5% in the fourth quarter. State Street Corp now owns 971,838 shares of the financial services provider’s stock worth $54,236,000 after buying an additional 280,316 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Banner Corporation by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,640,008 shares of the financial services provider’s stock worth $91,529,000 after buying an additional 192,834 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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

Banner Corporation (NASDAQ:BANR) opened at 56.75 on Friday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 20.86 and a beta of 1.11. Banner Corporation has a 52-week low of $38.77 and a 52-week high of $60.97. The company has a 50 day moving average price of $55.11 and a 200 day moving average price of $55.79.

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BANR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Banner Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, April 5th. Piper Jaffray Companies reduced their price target on Banner Corporation from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, April 17th. Finally, BidaskClub raised Banner Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.80.

In related news, VP Douglas M. Bennett sold 889 shares of Banner Corporation stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $57.00, for a total transaction of $50,673.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary Sirmon sold 3,333 shares of Banner Corporation stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $55.00, for a total transaction of $183,315.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,361 shares of company stock worth $355,173 over the last quarter. 1.71% of the stock is owned by company 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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