Public Sector Pension Investment Board Increases Stock Holdings in Banner Corporation $BANR

Public Sector Pension Investment Board boosted its position in shares of Banner Corporation (NASDAQ:BANR) by 14.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,925 shares of the financial services provider’s stock after acquiring an additional 17,067 shares during the period. Public Sector Pension Investment Board owned 0.39% of Banner worth $8,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Banner by 54.7% in the 1st quarter. Royal Bank of Canada now owns 22,128 shares of the financial services provider’s stock valued at $1,412,000 after purchasing an additional 7,828 shares during the period. AQR Capital Management LLC raised its position in shares of Banner by 19.6% in the first quarter. AQR Capital Management LLC now owns 29,714 shares of the financial services provider’s stock worth $1,895,000 after buying an additional 4,877 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Banner by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,422 shares of the financial services provider’s stock valued at $1,302,000 after buying an additional 891 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Banner during the first quarter valued at $248,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Banner by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,471 shares of the financial services provider’s stock worth $7,427,000 after buying an additional 6,059 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.

Banner Stock Performance

Banner stock opened at $64.20 on Tuesday. The firm has a fifty day simple moving average of $64.37 and a two-hundred day simple moving average of $64.03. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Banner Corporation has a twelve month low of $54.01 and a twelve month high of $70.06. The company has a market capitalization of $2.19 billion, a PE ratio of 11.38 and a beta of 0.90.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.46 by $0.09. Banner had a return on equity of 10.46% and a net margin of 22.26%.The firm had revenue of $169.90 million for the quarter, compared to the consensus estimate of $173.23 million. Research analysts expect that Banner Corporation will post 5.23 EPS for the current year.

Banner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, February 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, February 3rd. Banner’s payout ratio is 35.46%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Banner in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Banner from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and issued a $70.00 price target on shares of Banner in a report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Banner currently has an average rating of “Hold” and an average price target of $71.17.

Banner Company Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.