Banner Corporation $BANR Shares Acquired by Focus Partners Wealth

Focus Partners Wealth increased its position in shares of Banner Corporation (NASDAQ:BANR) by 173.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,242 shares of the financial services provider’s stock after purchasing an additional 44,597 shares during the period. Focus Partners Wealth owned 0.20% of Banner worth $4,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG lifted its position in Banner by 241.9% in the fourth quarter. Deutsche Bank AG now owns 117,504 shares of the financial services provider’s stock valued at $7,846,000 after acquiring an additional 83,140 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Banner by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,531 shares of the financial services provider’s stock worth $1,304,000 after purchasing an additional 734 shares in the last quarter. ProShare Advisors LLC raised its holdings in Banner by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 10,348 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,185 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in Banner by 3.6% during the fourth quarter. Rafferty Asset Management LLC now owns 41,437 shares of the financial services provider’s stock worth $2,767,000 after purchasing an additional 1,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Banner by 22.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 110,412 shares of the financial services provider’s stock worth $7,372,000 after purchasing an additional 20,326 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Price Performance

Shares of BANR stock opened at $66.14 on Monday. The firm has a market cap of $2.29 billion, a P/E ratio of 12.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.88 and a quick ratio of 0.88. Banner Corporation has a 1-year low of $54.01 and a 1-year high of $78.05. The firm has a fifty day moving average of $65.72 and a two-hundred day moving average of $63.74.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. Banner had a net margin of 21.15% and a return on equity of 10.06%. The company had revenue of $162.98 million during the quarter, compared to analyst estimates of $167.96 million. As a group, research analysts anticipate that Banner Corporation will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. Banner’s dividend payout ratio (DPR) is currently 36.57%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BANR shares. DA Davidson upped their target price on shares of Banner from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Wall Street Zen lowered shares of Banner from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Banner currently has an average rating of “Moderate Buy” and an average price target of $70.17.

About Banner

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.