Bank of Montreal Can Boosts Stake in Banner Co. (BANR)

Bank of Montreal Can lifted its position in shares of Banner Co. (NASDAQ:BANR) by 44.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 56,342 shares of the financial services provider’s stock after acquiring an additional 17,279 shares during the period. Bank of Montreal Can’s holdings in Banner were worth $3,106,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Banner by 1.0% during the second quarter. Vanguard Group Inc. now owns 2,760,603 shares of the financial services provider’s stock worth $156,002,000 after buying an additional 27,376 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Banner by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock valued at $147,428,000 after purchasing an additional 110,369 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Banner by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,008,608 shares of the financial services provider’s stock valued at $123,086,000 after purchasing an additional 92,317 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Banner in the second quarter valued at about $77,217,000. Finally, Channing Capital Management LLC raised its stake in Banner by 3.4% in the third quarter. Channing Capital Management LLC now owns 1,071,896 shares of the financial services provider’s stock valued at $65,686,000 after purchasing an additional 35,077 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Banner Co. (BANR) opened at $52.36 on Friday. The company has a market capitalization of $1,735.48, a PE ratio of 28.46, a P/E/G ratio of 1.52 and a beta of 1.06. Banner Co. has a 52 week low of $51.61 and a 52 week high of $62.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.95.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.08). The company had revenue of $128.15 million during the quarter, compared to analyst estimates of $126.56 million. Banner had a net margin of 12.02% and a return on equity of 7.55%. equities analysts expect that Banner Co. will post 3.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, January 8th. Banner’s payout ratio is 54.35%.

A number of research analysts recently commented on the company. Piper Jaffray Companies downgraded Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price target for the company. in a research note on Thursday, October 26th. Sandler O’Neill reaffirmed a “buy” rating on shares of Banner in a research note on Friday, January 26th. BidaskClub raised Banner from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded Banner from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, Zacks Investment Research raised Banner from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Banner presently has an average rating of “Hold” and a consensus price target of $60.25.

In other Banner news, VP Cynthia D. Purcell sold 841 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $54.67, for a total transaction of $45,977.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 1,192 shares of company stock valued at $66,125. Insiders own 1.71% of the company’s stock.

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Banner 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.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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