Boston Partners Sells 12,540 Shares of Banner Corporation (BANR)

Boston Partners cut its holdings in Banner Corporation (NASDAQ:BANR) by 7.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,050 shares of the financial services provider’s stock after selling 12,540 shares during the period. Boston Partners owned about 0.44% of Banner Corporation worth $9,073,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning grew its stake in shares of Banner Corporation by 4.6% in the second quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock valued at $108,000 after buying an additional 85 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Banner Corporation by 236.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,500 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Banner Corporation by 182.8% in the second quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after buying an additional 1,462 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Banner Corporation by 11.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after buying an additional 300 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Banner Corporation by 200.0% in the second quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock valued at $199,000 after buying an additional 2,352 shares in the last quarter. Institutional investors own 89.69% of the company’s stock.

In other Banner Corporation news, Director Gary Sirmon sold 3,335 shares of Banner Corporation stock in a transaction on Monday, September 18th. The shares were sold at an average price of $57.49, for a total transaction of $191,729.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cynthia D. Purcell sold 1,007 shares of Banner Corporation stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total transaction of $55,999.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,674 shares of company stock valued at $266,423. Company insiders own 1.71% of the company’s stock.

Banner Corporation (NASDAQ BANR) opened at $55.33 on Thursday. Banner Corporation has a 52 week low of $48.43 and a 52 week high of $62.75. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1,815.18, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.97 and a beta of 1.07.

Banner Corporation (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). Banner Corporation had a return on equity of 7.52% and a net margin of 19.70%. The company had revenue of $120.55 million for the quarter, compared to the consensus estimate of $123.58 million. research analysts anticipate that Banner Corporation will post 3.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. Banner Corporation’s dividend payout ratio (DPR) is 34.01%.

BANR has been the subject of several analyst reports. ValuEngine cut shares of Banner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Banner Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. DA Davidson cut shares of Banner Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reissued a “neutral” rating on shares of Banner Corporation in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Banner Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $60.67.

WARNING: “Boston Partners Sells 12,540 Shares of Banner Corporation (BANR)” was published by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://weekherald.com/2017/11/16/boston-partners-sells-12540-shares-of-banner-corporation-banr.html.

Banner Corporation 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.

Want to see what other hedge funds are holding BANR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banner Corporation (NASDAQ:BANR).

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

Receive News & Ratings for Banner Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply