Banner Co. (BANR) Holdings Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

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Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Banner Co. (NASDAQ:BANR) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,829 shares of the financial services provider’s stock after selling 326 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Banner were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BANR. Norges Bank acquired a new stake in Banner during the 4th quarter worth about $24,271,000. Stifel Financial Corp lifted its position in Banner by 129.5% in the 4th quarter. Stifel Financial Corp now owns 239,419 shares of the financial services provider’s stock valued at $12,776,000 after acquiring an additional 135,089 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Banner by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 934,512 shares of the financial services provider’s stock valued at $58,100,000 after acquiring an additional 124,830 shares in the last quarter. FMR LLC lifted its position in Banner by 15.8% in the 4th quarter. FMR LLC now owns 855,555 shares of the financial services provider’s stock valued at $45,755,000 after acquiring an additional 116,455 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Banner by 1,078.4% in the 4th quarter. Acadian Asset Management LLC now owns 109,229 shares of the financial services provider’s stock valued at $5,842,000 after acquiring an additional 99,960 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

In other Banner news, VP Steven W. Rust sold 491 shares of Banner stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $53.39, for a total transaction of $26,214.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.51% of the stock is owned by company insiders.

Shares of Banner stock traded up $0.97 during mid-day trading on Friday, hitting $53.02. 205,675 shares of the stock were exchanged, compared to its average volume of 197,578. Banner Co. has a 12 month low of $48.50 and a 12 month high of $67.11. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.86 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.86 and a beta of 0.75.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.07). Banner had a return on equity of 10.39% and a net margin of 24.74%. The firm had revenue of $134.23 million for the quarter, compared to the consensus estimate of $139.04 million. On average, equities analysts anticipate that Banner Co. will post 4.14 EPS for the current year.

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Banner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Raymond James set a $62.00 price target on shares of Banner and gave the company a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of Banner from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Tuesday, February 5th. Finally, ValuEngine raised shares of Banner from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Banner currently has a consensus rating of “Hold” and a consensus target price of $61.50.

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About Banner

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that 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.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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