Banner Corporation (BANR) Position Raised by Citadel Advisors LLC

Citadel Advisors LLC increased its position in shares of Banner Corporation (NASDAQ:BANR) by 81.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,379 shares of the financial services provider’s stock after purchasing an additional 10,969 shares during the quarter. Citadel Advisors LLC owned approximately 0.07% of Banner worth $1,494,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Banner by 6.0% in the 2nd quarter. BlackRock Inc. now owns 3,925,169 shares of the financial services provider’s stock valued at $221,812,000 after purchasing an additional 221,159 shares during the last quarter. Vanguard Group Inc. boosted its stake in Banner by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,760,603 shares of the financial services provider’s stock worth $156,002,000 after acquiring an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Banner by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,405,805 shares of the financial services provider’s stock worth $147,428,000 after acquiring an additional 110,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Banner by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,916,291 shares of the financial services provider’s stock worth $108,291,000 after acquiring an additional 116,608 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Banner during the 2nd quarter worth approximately $77,217,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

In other Banner news, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $57.49, for a total transaction of $191,729.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,936 shares of company stock valued at $226,039 in the last ninety days. 1.71% of the stock is currently owned by company insiders.

Banner Corporation (NASDAQ:BANR) opened at $56.79 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. Banner Corporation has a 52-week low of $51.61 and a 52-week high of $62.75. The company has a market cap of $1,922.46, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The business had revenue of $120.55 million during the quarter, compared to the consensus estimate of $123.58 million. Banner had a net margin of 19.70% and a return on equity of 7.52%. equities analysts predict that Banner Corporation will post 3.11 EPS for the current year.

Several analysts have commented on BANR shares. ValuEngine upgraded shares of Banner from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Stephens initiated coverage on shares of Banner in a report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Piper Jaffray Companies reiterated a “neutral” rating on shares of Banner in a report on Friday, October 27th. DA Davidson downgraded shares of Banner from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of Banner from a “hold” rating to a “sell” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.67.

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Banner 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 Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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