Two Sigma Investments LP Has $1.78 Million Holdings in Banner Co. (NASDAQ:BANR)

Two Sigma Investments LP lessened its stake in shares of Banner Co. (NASDAQ:BANR) by 62.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,620 shares of the financial services provider’s stock after selling 44,038 shares during the quarter. Two Sigma Investments LP owned about 0.08% of Banner worth $1,777,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BANR. Barclays PLC lifted its holdings in Banner by 97.4% in the 3rd quarter. Barclays PLC now owns 75,768 shares of the financial services provider’s stock worth $4,512,000 after purchasing an additional 37,390 shares during the last quarter. KBC Group NV grew its holdings in Banner by 46.0% during the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 522 shares during the last quarter. Financial Life Planners bought a new position in shares of Banner in the fourth quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banner by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,939 shares of the financial services provider’s stock worth $1,667,000 after buying an additional 3,933 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Banner by 5.1% during the 4th quarter. Empowered Funds LLC now owns 97,411 shares of the financial services provider’s stock worth $6,504,000 after buying an additional 4,716 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Wall Street Analyst Weigh In

BANR has been the subject of a number of research analyst reports. Janney Montgomery Scott raised shares of Banner from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, April 21st. Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Banner in a research report on Monday, April 21st. Raymond James restated an “outperform” rating and set a $65.00 target price (down previously from $77.00) on shares of Banner in a research note on Monday, April 21st. Keefe, Bruyette & Woods dropped their price target on Banner from $75.00 to $73.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.83.

Banner Stock Down 0.8%

BANR stock opened at $61.18 on Tuesday. Banner Co. has a twelve month low of $44.90 and a twelve month high of $78.05. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.12 billion, a PE ratio of 12.54 and a beta of 0.90. The business’s 50-day simple moving average is $61.56 and its 200 day simple moving average is $66.34.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.06. The company had revenue of $159.88 million for the quarter, compared to analyst estimates of $159.72 million. Banner had a return on equity of 10.03% and a net margin of 20.28%. During the same quarter last year, the firm earned $1.22 EPS. On average, research analysts anticipate that Banner Co. will post 5.23 earnings per share for the current year.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.14%. The ex-dividend date was Tuesday, April 29th. Banner’s dividend payout ratio (DPR) is presently 37.72%.

Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of 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.