Renaissance Technologies LLC Has $5.71 Million Position in Banner Corporation (NASDAQ:BANR)

Renaissance Technologies LLC raised its stake in Banner Corporation (NASDAQ:BANR) by 136.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,669 shares of the financial services provider’s stock after buying an additional 59,278 shares during the period. Renaissance Technologies LLC owned 0.31% of Banner Corporation worth $5,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning increased its position in Banner Corporation by 0.3% in the first quarter. Creative Planning now owns 1,828 shares of the financial services provider’s stock valued at $102,000 after buying an additional 6 shares during the last quarter. MUFG Americas Holdings Corp increased its position in Banner Corporation by 1.2% in the first quarter. MUFG Americas Holdings Corp now owns 4,043 shares of the financial services provider’s stock valued at $225,000 after buying an additional 48 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Banner Corporation by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the financial services provider’s stock valued at $595,000 after buying an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Banner Corporation by 0.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 15,632 shares of the financial services provider’s stock valued at $870,000 after buying an additional 140 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Banner Corporation by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,345 shares of the financial services provider’s stock valued at $2,412,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 88.50% of the company’s stock.

Shares of Banner Corporation (NASDAQ BANR) opened at 54.75 on Friday. The stock has a 50 day moving average of $56.52 and a 200-day moving average of $56.07. The stock has a market capitalization of $1.82 billion, a PE ratio of 19.07 and a beta of 1.05. Banner Corporation has a 52 week low of $42.35 and a 52 week high of $60.97.

Banner Corporation (NASDAQ:BANR) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The firm had revenue of $122.18 million during the quarter, compared to analysts’ expectations of $119.46 million. On average, equities research analysts expect that Banner Corporation will post $3.09 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/banner-corporation-nasdaqbanr-stake-raised-by-renaissance-technologies-llc-updated-updated.html.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Banner Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of Banner Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.75.

In related news, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.77, for a total value of $189,214.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 10,338 shares of company stock valued at $577,298. Company insiders own 1.71% of the company’s stock.

Banner Corporation Company Profile

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

Institutional Ownership by Quarter for Banner Corporation (NASDAQ:BANR)

What are top analysts saying about Banner Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Banner Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit