Ajo LP Lowers Position in Banner Co. (NASDAQ:BANR)

AJO LP reduced its position in shares of Banner Co. (NASDAQ:BANR) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,879 shares of the financial services provider’s stock after selling 62,754 shares during the period. AJO LP owned approximately 0.18% of Banner worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new stake in shares of Banner during the 4th quarter valued at $27,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Banner by 47.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 563 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 182 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Banner by 1,669.4% during the 1st quarter. Huntington National Bank now owns 637 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 601 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Banner during the 4th quarter valued at $54,000. Finally, Pearl River Capital LLC boosted its holdings in shares of Banner by 716.7% during the 1st quarter. Pearl River Capital LLC now owns 2,246 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,971 shares in the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

In other news, VP Steven W. Rust sold 491 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $53.39, for a total value of $26,214.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.51% of the company’s stock.

BANR traded up $0.41 during midday trading on Monday, reaching $54.56. 105,900 shares of the company were exchanged, compared to its average volume of 189,178. The company has a market cap of $1.90 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $52.72. Banner Co. has a one year low of $48.50 and a one year high of $67.11.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.07). The business had revenue of $134.23 million during the quarter, compared to the consensus estimate of $139.04 million. Banner had a net margin of 24.74% and a return on equity of 10.39%. On average, sell-side analysts forecast that Banner Co. will post 4.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Monday, July 8th. Banner’s dividend payout ratio is presently 40.10%.

BANR has been the topic of several recent research reports. Zacks Investment Research downgraded Banner from a “hold” rating to a “sell” rating in a report on Tuesday, June 4th. BidaskClub raised Banner from a “sell” rating to a “hold” rating in a research report on Saturday, June 15th. ValuEngine lowered Banner from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. DA Davidson raised Banner from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Raymond James set a $60.00 target price on Banner and gave the company a “buy” rating in a research report on Friday, May 3rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Banner currently has an average rating of “Hold” and a consensus target price of $61.50.

Banner Company Profile

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.

See Also: Exchange-Traded Funds (ETFs)

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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