Strs Ohio Continues to Hold Position in Banner Corp. (BANR)
Strs Ohio continued to hold its position in Banner Corp. (NASDAQ:BANR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 897,809 shares of the financial services provider’s stock at the end of the second quarter. Strs Ohio’s holdings in Banner Corp. were worth $38,192,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in shares of Banner Corp. by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the financial services provider’s stock valued at $387,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. increased its position in shares of Banner Corp. by 15.3% in the second quarter. Capstone Asset Management Co. now owns 8,306 shares of the financial services provider’s stock valued at $353,000 after buying an additional 1,100 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Banner Corp. by 125.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,889 shares of the financial services provider’s stock valued at $293,000 after buying an additional 3,836 shares during the period. Arizona State Retirement System increased its position in shares of Banner Corp. by 3.0% in the first quarter. Arizona State Retirement System now owns 10,427 shares of the financial services provider’s stock valued at $438,000 after buying an additional 300 shares during the period. Finally, Endeavour Capital Advisors Inc. bought a new position in shares of Banner Corp. during the first quarter valued at $7,369,000. Hedge funds and other institutional investors own 77.17% of the company’s stock.
Shares of Banner Corp. (NASDAQ:BANR) traded up 0.48% during trading on Thursday, reaching $44.27. The company had a trading volume of 276,615 shares. Banner Corp. has a 12 month low of $35.39 and a 12 month high of $53.55. The stock’s 50-day moving average price is $43.33 and its 200-day moving average price is $42.65. The stock has a market capitalization of $1.52 billion, a PE ratio of 23.24 and a beta of 1.70.
Banner Corp. (NASDAQ:BANR) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.05. Banner Corp. had a net margin of 13.96% and a return on equity of 6.70%. Equities analysts forecast that Banner Corp. will post $2.80 earnings per share for the current fiscal year.
Several brokerages have weighed in on BANR. Zacks Investment Research upgraded Banner Corp. from a “sell” rating to a “hold” rating in a research note on Monday. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of Banner Corp. in a report on Tuesday, August 23rd. FBR & Co reduced their price target on Banner Corp. from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, July 29th. Finally, Keefe, Bruyette & Woods reduced their price target on Banner Corp. from $49.00 to $48.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Banner Corp. currently has an average rating of “Buy” and an average price target of $50.40.
About Banner Corp.
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 regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.
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