Nisa Investment Advisors LLC Has $106,000 Stake in Banner Corporation $BANR

Nisa Investment Advisors LLC decreased its stake in Banner Corporation (NASDAQ:BANR) by 68.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,645 shares of the financial services provider’s stock after selling 3,595 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Banner were worth $106,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BANR. GAMMA Investing LLC boosted its stake in Banner by 53.9% in the 1st quarter. GAMMA Investing LLC now owns 754 shares of the financial services provider’s stock valued at $48,000 after buying an additional 264 shares in the last quarter. KBC Group NV boosted its stake in Banner by 20.1% in the 1st quarter. KBC Group NV now owns 1,989 shares of the financial services provider’s stock valued at $127,000 after buying an additional 333 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Banner by 114.0% in the 1st quarter. Teacher Retirement System of Texas now owns 6,705 shares of the financial services provider’s stock valued at $428,000 after buying an additional 3,572 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Banner by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 171,592 shares of the financial services provider’s stock valued at $10,942,000 after buying an additional 4,503 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Banner by 141.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,071 shares of the financial services provider’s stock valued at $1,854,000 after buying an additional 17,030 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Trading Down 1.4%

Shares of BANR opened at $60.03 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. Banner Corporation has a 12-month low of $54.01 and a 12-month high of $78.05. The firm has a market capitalization of $2.08 billion, a PE ratio of 10.93 and a beta of 0.91. The stock’s fifty day simple moving average is $64.48 and its 200-day simple moving average is $64.08.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.11. Banner had a return on equity of 10.32% and a net margin of 21.80%.The business had revenue of $168.75 million for the quarter, compared to analyst estimates of $171.52 million. As a group, research analysts predict that Banner Corporation will post 5.23 earnings per share for the current year.

Banner Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Banner’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 4th. Banner’s payout ratio is currently 36.43%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Banner from $73.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Raymond James Financial reissued an “outperform” rating and issued a $70.00 price objective (down previously from $72.00) on shares of Banner in a research note on Friday, October 17th. DA Davidson reduced their price objective on Banner from $73.00 to $69.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Wall Street Zen raised Banner from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Weiss Ratings lowered Banner from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

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.