SG Americas Securities LLC Buys 7,924 Shares of Banner Co. (NASDAQ:BANR)

SG Americas Securities LLC boosted its stake in shares of Banner Co. (NASDAQ:BANR) by 390.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,953 shares of the financial services provider’s stock after purchasing an additional 7,924 shares during the quarter. SG Americas Securities LLC’s holdings in Banner were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Ergoteles LLC acquired a new stake in Banner in the second quarter worth about $233,000. Geode Capital Management LLC boosted its holdings in shares of Banner by 3.4% in 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 acquiring an additional 19,833 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Banner by 5.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 900 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Banner by 56.8% in the 2nd quarter. Citigroup Inc. now owns 39,621 shares of the financial services provider’s stock valued at $2,148,000 after acquiring an additional 14,358 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of Banner by 5.0% in the 2nd quarter. Profund Advisors LLC now owns 4,744 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 225 shares during the last quarter. 83.76% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on BANR. Zacks Investment Research raised shares of Banner from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Thursday, January 6th. Raymond James increased their price target on shares of Banner from $63.00 to $68.00 and gave the stock a “strong-buy” rating in a report on Friday, October 22nd.

Shares of NASDAQ BANR opened at $66.33 on Friday. The firm has a 50-day simple moving average of $60.70 and a 200-day simple moving average of $56.88. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.22 and a beta of 1.13. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.31. Banner Co. has a 52 week low of $44.01 and a 52 week high of $66.62.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Tuesday, October 19th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.29. The firm had revenue of $155.48 million during the quarter, compared to analysts’ expectations of $142.45 million. Banner had a net margin of 30.76% and a return on equity of 11.71%. During the same period last year, the business earned $1.04 earnings per share. As a group, equities research analysts expect that Banner Co. will post 5.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Tuesday, November 2nd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.47%. The ex-dividend date was Monday, November 1st. Banner’s dividend payout ratio (DPR) is presently 30.20%.

In other Banner news, VP James P.G. Mclean sold 1,000 shares of the stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $61.88, for a total transaction of $61,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

About Banner

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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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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