Banner Corp. (BANR) Position Held by ClariVest Asset Management LLC
ClariVest Asset Management LLC continued to hold its position in shares of Banner Corp. (NASDAQ:BANR) during the second quarter, Holdings Channel reports. The institutional investor owned 7,783 shares of the financial services provider’s stock at the end of the second quarter. ClariVest Asset Management LLC’s holdings in Banner Corp. were worth $331,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in BANR. Louisiana State Employees Retirement System boosted 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 worth $387,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted 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 worth $353,000 after buying an additional 1,100 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Banner Corp. by 7.5% in the first quarter. BlackRock Group LTD now owns 27,996 shares of the financial services provider’s stock worth $1,178,000 after buying an additional 1,954 shares during the last quarter. Menta Capital LLC boosted its position in shares of Banner Corp. by 65.3% in the first quarter. Menta Capital LLC now owns 8,100 shares of the financial services provider’s stock worth $341,000 after buying an additional 3,200 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted 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 worth $293,000 after buying an additional 3,836 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.
Banner Corp. (NASDAQ:BANR) traded up 0.64% during trading on Monday, hitting $44.20. 216,984 shares of the stock were exchanged. The firm has a market cap of $1.52 billion, a PE ratio of 23.20 and a beta of 1.63. The stock’s 50-day moving average price is $43.92 and its 200-day moving average price is $42.92. Banner Corp. has a 12-month low of $35.39 and a 12-month high of $53.55.
Banner Corp. (NASDAQ:BANR) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ 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%. On average, equities analysts expect that Banner Corp. will post $2.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Monday, October 10th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, October 5th. This is a positive change from Banner Corp.’s previous quarterly dividend of $0.21. Banner Corp.’s dividend payout ratio is currently 47.18%.
A number of equities analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of Banner Corp. in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Banner Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Keefe, Bruyette & Woods cut their target price on shares of Banner Corp. from $49.00 to $48.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th. Finally, FBR & Co lifted their target price on shares of Banner Corp. from $45.00 to $46.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, October 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.83.
Banner Corp. 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 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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