Eagle Boston Investment Management Inc. Grows Position in Banner Co. (BANR)

Eagle Boston Investment Management Inc. grew its position in shares of Banner Co. (NASDAQ:BANR) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,053 shares of the financial services provider’s stock after acquiring an additional 7,907 shares during the quarter. Eagle Boston Investment Management Inc. owned about 0.40% of Banner worth $7,278,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 buying an additional 27,376 shares during the period. Bank of New York Mellon Corp grew 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 valued at $147,428,000 after acquiring an additional 110,369 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Banner by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,008,608 shares of the financial services provider’s stock valued at $123,086,000 after acquiring an additional 92,317 shares in the last quarter. Channing Capital Management LLC grew its stake in Banner by 3.4% during the 3rd quarter. Channing Capital Management LLC now owns 1,071,896 shares of the financial services provider’s stock valued at $65,686,000 after acquiring an additional 35,077 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Banner by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 606,317 shares of the financial services provider’s stock valued at $33,420,000 after buying an additional 9,153 shares in the last quarter. 89.22% of the stock is owned by institutional investors.

Banner Co. (NASDAQ BANR) traded up $0.37 during trading hours on Friday, reaching $55.37. The company’s stock had a trading volume of 407,300 shares, compared to its average volume of 180,110. Banner Co. has a 1 year low of $51.61 and a 1 year high of $62.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1,799.96, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). The company had revenue of $128.15 million during the quarter, compared to analyst estimates of $126.56 million. Banner had a net margin of 12.02% and a return on equity of 7.55%. sell-side analysts expect that Banner Co. will post 3.48 EPS for the current year.

In other news, VP Cynthia D. Purcell sold 841 shares of Banner stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $54.67, for a total transaction of $45,977.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is currently owned by company insiders.

Several brokerages recently commented on BANR. BidaskClub raised Banner from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research lowered Banner from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Piper Jaffray Companies reiterated a “hold” rating and set a $58.00 price target on shares of Banner in a report on Friday, February 2nd. Sandler O’Neill restated a “buy” rating on shares of Banner in a research note on Friday, January 26th. Finally, DA Davidson lowered Banner from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Banner presently has an average rating of “Hold” and a consensus target price of $60.25.

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Banner 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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