SG Americas Securities LLC lifted its position in Banner Co. (NASDAQ:BANR) by 390.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,953 shares of the financial services provider’s stock after acquiring an additional 7,924 shares during the period. SG Americas Securities LLC’s holdings in Banner were worth $550,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Banner by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,791,178 shares of the financial services provider’s stock worth $205,518,000 after acquiring an additional 30,775 shares in the last quarter. State Street Corp increased its position in Banner by 6.8% during the 2nd quarter. State Street Corp now owns 1,883,905 shares of the financial services provider’s stock valued at $102,126,000 after buying an additional 119,822 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Banner by 8.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 623,436 shares of the financial services provider’s stock valued at $33,797,000 after buying an additional 50,653 shares in the last quarter. Geode Capital Management LLC increased its position in Banner by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 602,699 shares of the financial services provider’s stock valued at $32,672,000 after buying an additional 19,833 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Banner by 5.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 317,357 shares of the financial services provider’s stock valued at $17,204,000 after buying an additional 15,335 shares in the last quarter. 83.76% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on BANR. Raymond James raised their price objective on Banner from $63.00 to $68.00 and gave the company a “strong-buy” rating in a research report on Friday, October 22nd. Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Thursday, January 6th.
Shares of BANR opened at $66.33 on Friday. The business’s fifty day simple moving average is $60.70 and its two-hundred day simple moving average is $56.88. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. Banner Co. has a 12 month low of $44.01 and a 12 month high of $66.62. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 12.22 and a beta of 1.13.
Banner (NASDAQ:BANR) last issued its earnings results on Tuesday, October 19th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.15 by $0.29. Banner had a return on equity of 11.71% and a net margin of 30.76%. The business had revenue of $155.48 million for the quarter, compared to the consensus estimate of $142.45 million. During the same period last year, the business posted $1.04 EPS. As a group, research analysts forecast that Banner Co. will post 5.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Tuesday, November 2nd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.47%. Banner’s dividend payout ratio (DPR) is currently 30.20%.
Banner Corp. operates as a holding company for Banner Bank. It offers deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. It also provides commercial banking services and financial products to individuals, businesses and public sector entities.
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