Nisa Investment Advisors LLC Acquires 3,415 Shares of Banner Corporation (NASDAQ:BANR)

Nisa Investment Advisors LLC boosted its holdings in Banner Corporation (NASDAQ:BANR) by 187.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,240 shares of the financial services provider’s stock after buying an additional 3,415 shares during the period. Nisa Investment Advisors LLC’s holdings in Banner were worth $334,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BANR. Summit Investment Advisors Inc. raised its stake in shares of Banner by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,591 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Banner by 53.9% in the first quarter. GAMMA Investing LLC now owns 754 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 264 shares in the last quarter. USA Financial Formulas raised its stake in shares of Banner by 69.1% in the first quarter. USA Financial Formulas now owns 805 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 329 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Banner by 9.5% in the fourth quarter. Bank of Montreal Can now owns 3,792 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 330 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Banner by 20.1% in the first quarter. KBC Group NV now owns 1,989 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 333 shares in the last quarter. 87.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on BANR shares. Janney Montgomery Scott upgraded Banner from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, April 21st. Raymond James Financial reiterated an “outperform” rating and set a $65.00 price objective (down from $77.00) on shares of Banner in a research note on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective on Banner from $75.00 to $73.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Stephens reiterated an “overweight” rating and set a $73.00 price objective on shares of Banner in a research note on Monday, April 21st. Finally, Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a research note 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Banner currently has a consensus rating of “Hold” and a consensus target price of $70.83.

Banner Price Performance

Shares of BANR stock opened at $66.83 on Thursday. The stock’s fifty day moving average is $64.10 and its 200-day moving average is $64.83. The stock has a market capitalization of $2.31 billion, a PE ratio of 13.13 and a beta of 0.89. Banner Corporation has a 52 week low of $51.14 and a 52 week high of $78.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 0.86.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.35. Banner had a return on equity of 9.95% and a net margin of 20.77%. Equities research analysts expect that Banner Corporation will post 5.23 EPS for the current fiscal year.

Banner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.87%. Banner’s dividend payout ratio is 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.