Brandywine Global Investment Management LLC trimmed its stake in shares of Banner Co. (NASDAQ:BANR) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,337 shares of the financial services provider’s stock after selling 10,774 shares during the quarter. Brandywine Global Investment Management LLC owned 0.25% of Banner worth $4,484,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in BANR. Zions Bancorporation bought a new stake in shares of Banner during the 3rd quarter valued at $122,000. Jane Street Group LLC bought a new stake in shares of Banner during the 3rd quarter valued at $266,000. Crossmark Global Holdings Inc. bought a new stake in shares of Banner during the 3rd quarter valued at $391,000. Piedmont Investment Advisors LLC raised its stake in shares of Banner by 27.5% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 7,231 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 1,561 shares during the period. Finally, Bowling Portfolio Management LLC bought a new stake in shares of Banner during the 4th quarter valued at $528,000. Institutional investors own 92.11% of the company’s stock.
In other news, VP Kenneth A. Larsen sold 884 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $57.53, for a total value of $50,856.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Cynthia D. Purcell sold 841 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $54.67, for a total value of $45,977.47. The disclosure for this sale can be found here. Insiders sold a total of 2,137 shares of company stock valued at $120,590 over the last quarter. Company insiders own 1.71% of the company’s stock.
Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). Banner had a return on equity of 7.55% and a net margin of 12.02%. The firm had revenue of $128.15 million during the quarter, compared to analysts’ expectations of $126.56 million. equities research analysts predict that Banner Co. will post 3.41 EPS for the current year.
Several research firms recently commented on BANR. BidaskClub upgraded Banner from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Sandler O’Neill restated a “buy” rating on shares of Banner in a research report on Friday, January 26th. Zacks Investment Research cut Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. ValuEngine cut Banner from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 target price on shares of Banner in a research report on Friday, January 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.25.
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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.
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