Banner Co. (BANR) Shares Bought by KBC Group NV

KBC Group NV raised its position in shares of Banner Co. (NASDAQ:BANR) by 155.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,740 shares of the financial services provider’s stock after acquiring an additional 19,902 shares during the quarter. KBC Group NV owned about 0.10% of Banner worth $1,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Teachers Advisors LLC boosted its position in shares of Banner by 0.9% during the 3rd quarter. Teachers Advisors LLC now owns 75,394 shares of the financial services provider’s stock worth $4,687,000 after purchasing an additional 639 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Banner by 12.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,718 shares of the financial services provider’s stock valued at $480,000 after buying an additional 876 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Banner in the 4th quarter valued at about $54,000. Eagle Boston Investment Management Inc. increased its stake in Banner by 1.0% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 145,710 shares of the financial services provider’s stock valued at $9,058,000 after buying an additional 1,377 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Banner by 3.5% in the 4th quarter. Arizona State Retirement System now owns 48,531 shares of the financial services provider’s stock valued at $2,595,000 after buying an additional 1,635 shares during the last quarter. 93.12% of the stock is currently owned by institutional investors and hedge funds.

BANR has been the subject of several analyst reports. BidaskClub upgraded shares of Banner from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Banner from a “buy” rating to a “hold” rating in a research report on Friday, February 1st. Piper Jaffray Companies set a $62.00 target price on shares of Banner and gave the company a “hold” rating in a research report on Wednesday, October 31st. ValuEngine raised shares of Banner from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, FIG Partners raised shares of Banner from a “market perform” rating to an “outperform” rating in a research report on Friday, October 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $62.40.

In related news, Director John R. Layman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $57.65, for a total value of $57,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Peter Conner sold 580 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $60.32, for a total transaction of $34,985.60. Following the completion of the transaction, the vice president now directly owns 24,222 shares of the company’s stock, valued at $1,461,071.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,160 shares of company stock valued at $184,076. 1.76% of the stock is owned by insiders.

Banner stock opened at $57.76 on Monday. Banner Co. has a twelve month low of $48.50 and a twelve month high of $67.11. The company has a market cap of $1.87 billion, a PE ratio of 14.12, a P/E/G ratio of 1.91 and a beta of 0.78. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.44.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.05. Banner had a net margin of 24.90% and a return on equity of 10.44%. The firm had revenue of $139.16 million during the quarter, compared to the consensus estimate of $134.25 million. On average, equities analysts expect that Banner Co. will post 4.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Wednesday, January 9th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, January 8th. Banner’s dividend payout ratio (DPR) is presently 37.16%.

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Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which 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.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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