Louisiana State Employees Retirement System cut its holdings in Banner Co. (NASDAQ:BANR) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,788 shares of the financial services provider’s stock after selling 2,512 shares during the period. Louisiana State Employees Retirement System’s holdings in Banner were worth $630,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Banner by 0.9% during the third quarter. BlackRock Inc. now owns 4,768,338 shares of the financial services provider’s stock worth $296,446,000 after buying an additional 42,392 shares in the last quarter. Vanguard Group Inc grew its position in Banner by 1.4% during the third quarter. Vanguard Group Inc now owns 3,238,908 shares of the financial services provider’s stock worth $201,362,000 after buying an additional 44,999 shares in the last quarter. Vanguard Group Inc. grew its position in Banner by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,238,908 shares of the financial services provider’s stock worth $201,362,000 after buying an additional 44,999 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Banner by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,662,581 shares of the financial services provider’s stock worth $165,533,000 after buying an additional 73,201 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Banner by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 954,170 shares of the financial services provider’s stock worth $59,321,000 after buying an additional 20,222 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

A number of research firms recently weighed in on BANR. ValuEngine raised Banner from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Zacks Investment Research raised Banner from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, January 16th. BidaskClub downgraded Banner from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. FIG Partners raised Banner from a “market perform” rating to an “outperform” rating in a research report on Friday, October 26th. Finally, Piper Jaffray Companies set a $62.00 target price on Banner and gave the stock a “hold” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.80.

NASDAQ BANR opened at $54.03 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.77 and a beta of 0.93. Banner Co. has a 1-year low of $48.50 and a 1-year high of $67.11.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $139.16 million for the quarter, compared to the consensus estimate of $134.25 million. Banner had a return on equity of 10.44% and a net margin of 24.90%. On average, sell-side analysts predict that Banner Co. will post 4.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Shareholders of record on Wednesday, January 9th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Tuesday, January 8th. Banner’s payout ratio is 37.16%.

In other news, Director John R. Layman sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $57.81, for a total value of $86,715.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Peter Conner sold 580 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $60.32, for a total value of $34,985.60. Following the completion of the transaction, the vice president now directly owns 24,222 shares in the company, valued at $1,461,071.04. The disclosure for this sale can be found here. Insiders have sold 3,160 shares of company stock worth $184,076 over the last ninety days. Company insiders own 1.76% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Banner Co. (BANR) Stake Lowered by Louisiana State Employees Retirement System” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2019/01/28/banner-co-banr-stake-lowered-by-louisiana-state-employees-retirement-system.html.

Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.

Featured Article: Benefits of owning preferred stock

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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