SG Americas Securities LLC Trims Stake in Banner Corporation (BANR)

SG Americas Securities LLC reduced its position in shares of Banner Corporation (NASDAQ:BANR) by 78.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,544 shares of the financial services provider’s stock after selling 13,280 shares during the period. SG Americas Securities LLC’s holdings in Banner Corporation were worth $200,000 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. Creative Planning grew its holdings in shares of Banner Corporation by 4.6% during the second quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 85 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Banner Corporation during the first quarter worth about $107,000. Ameritas Investment Partners Inc. bought a new stake in shares of Banner Corporation during the first quarter worth about $144,000. CIBC Asset Management Inc bought a new stake in shares of Banner Corporation during the second quarter worth about $201,000. Finally, KCG Holdings Inc. bought a new stake in shares of Banner Corporation during the first quarter worth about $208,000. Institutional investors own 88.45% of the company’s stock.

Shares of Banner Corporation (NASDAQ:BANR) opened at 57.47 on Wednesday. Banner Corporation has a one year low of $42.93 and a one year high of $60.97. The company has a market capitalization of $1.91 billion, a PE ratio of 20.02 and a beta of 1.05. The company has a 50-day moving average price of $55.85 and a 200 day moving average price of $55.72.

Banner Corporation (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $122.18 million for the quarter, compared to analysts’ expectations of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. Equities analysts anticipate that Banner Corporation will post $3.10 EPS for the current year.

In related news, VP Cynthia D. Purcell sold 1,007 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total transaction of $55,999.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Sirmon sold 3,335 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $57.49, for a total value of $191,729.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,258 shares of company stock worth $631,587. 1.71% of the stock is owned by corporate insiders.

BANR has been the topic of several research reports. Zacks Investment Research upgraded Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, July 3rd. BidaskClub upgraded Banner Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine upgraded Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, Stephens initiated coverage on Banner Corporation in a report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.75.

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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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