Banner Corporation (BANR) Stake Decreased by Royal Bank of Canada

Royal Bank of Canada reduced its position in Banner Corporation (NASDAQ:BANR) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,568 shares of the financial services provider’s stock after selling 659 shares during the period. Royal Bank of Canada’s holdings in Banner Corporation were worth $315,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Banner Corporation by 4.6% in the 2nd quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock valued at $108,000 after buying an additional 85 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Banner Corporation by 236.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,500 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Banner Corporation by 182.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after buying an additional 1,462 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Banner Corporation in the 2nd quarter valued at about $201,000. Finally, KCG Holdings Inc. bought a new stake in shares of Banner Corporation in the 1st quarter valued at about $208,000. Institutional investors and hedge funds own 89.69% of the company’s stock.

A number of research firms have recently weighed in on BANR. BidaskClub upgraded shares of Banner Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research cut shares of Banner Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 30th. ValuEngine upgraded shares of Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Piper Jaffray Companies cut shares of Banner Corporation from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Thursday, October 26th. Finally, DA Davidson cut shares of Banner Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $60.67.

In related news, Director Gary Sirmon sold 3,335 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $57.49, for a total value of $191,729.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Cynthia D. Purcell sold 1,007 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total transaction of $55,999.27. The disclosure for this sale can be found here. Insiders sold a total of 4,674 shares of company stock valued at $266,423 over the last ninety days. 1.71% of the stock is currently owned by insiders.

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Banner Corporation (NASDAQ:BANR) opened at $56.54 on Friday. The company has a market cap of $1,854.85, a P/E ratio of 18.97, a P/E/G ratio of 2.01 and a beta of 1.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.93. Banner Corporation has a 1 year low of $49.13 and a 1 year high of $62.75.

Banner Corporation (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The company had revenue of $120.55 million during the quarter, compared to analysts’ expectations of $123.58 million. Banner Corporation had a net margin of 19.70% and a return on equity of 7.52%. research analysts anticipate that Banner Corporation will post 3.13 earnings per share for the current fiscal year.

About Banner Corporation

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 Corporation (NASDAQ:BANR)

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