New York State Teachers Retirement System Sells 300 Shares of Banner Co. (NASDAQ:BANR)

New York State Teachers Retirement System decreased its holdings in Banner Co. (NASDAQ:BANR – Get Rating) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,767 shares of the financial services provider’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in Banner were worth $754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BANR. BlackRock Inc. grew its position in shares of Banner by 1.5% in the first quarter. BlackRock Inc. now owns 5,045,063 shares of the financial services provider’s stock valued at $295,288,000 after purchasing an additional 72,304 shares during the last quarter. Vanguard Group Inc. raised its position in Banner by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 3,854,556 shares of the financial services provider’s stock worth $225,607,000 after purchasing an additional 71,559 shares during the last quarter. State Street Corp raised its position in Banner by 7.4% during the 1st quarter. State Street Corp now owns 1,821,229 shares of the financial services provider’s stock worth $106,597,000 after purchasing an additional 124,919 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Banner by 6.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 731,161 shares of the financial services provider’s stock worth $42,795,000 after purchasing an additional 45,861 shares during the last quarter. Finally, Millennium Management LLC raised its position in Banner by 376.4% during the 2nd quarter. Millennium Management LLC now owns 469,002 shares of the financial services provider’s stock worth $26,363,000 after purchasing an additional 370,545 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Banner Stock Performance

BANR stock opened at $61.30 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 11.08 and a beta of 1.02. Banner Co. has a 1 year low of $52.35 and a 1 year high of $75.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.76 and a quick ratio of 0.75. The stock’s fifty day moving average price is $62.94 and its 200-day moving average price is $66.85.

Banner (NASDAQ:BANR – Get Rating) last released its earnings results on Wednesday, October 19th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.06. Banner had a return on equity of 12.29% and a net margin of 30.78%. The company had revenue of $162.03 million for the quarter, compared to the consensus estimate of $155.05 million. On average, equities analysts forecast that Banner Co. will post 5.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BANR. DA Davidson raised their target price on Banner to $70.00 in a research note on Thursday, October 27th. StockNews.com cut Banner from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Raymond James cut Banner from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $72.00 in a research report on Friday, October 21st.

About Banner

(Get Rating)

Banner Corporation operates as the bank holding company for Banner Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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.