Banner Co. (NASDAQ:BANR) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC grew its holdings in shares of Banner Co. (NASDAQ:BANR) by 7.8% in the first quarter, HoldingsChannel reports. The fund owned 11,703 shares of the financial services provider’s stock after buying an additional 850 shares during the period. Foundry Partners LLC’s holdings in Banner were worth $387,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in Banner by 4.7% during the 1st quarter. BlackRock Inc. now owns 5,280,806 shares of the financial services provider’s stock worth $174,477,000 after acquiring an additional 236,473 shares during the period. Goldman Sachs Group Inc. boosted its position in Banner by 5.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,628,755 shares of the financial services provider’s stock worth $92,171,000 after acquiring an additional 83,712 shares during the period. State Street Corp boosted its position in Banner by 12.9% during the 4th quarter. State Street Corp now owns 1,368,571 shares of the financial services provider’s stock worth $77,447,000 after acquiring an additional 156,695 shares during the period. Bank of New York Mellon Corp boosted its position in Banner by 5.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,021,550 shares of the financial services provider’s stock worth $57,809,000 after acquiring an additional 55,353 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Banner by 6,013.9% during the 1st quarter. Victory Capital Management Inc. now owns 597,018 shares of the financial services provider’s stock worth $19,725,000 after acquiring an additional 587,253 shares during the period. Institutional investors own 85.46% of the company’s stock.

BANR has been the subject of a number of analyst reports. BidaskClub lowered Banner from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Raymond James boosted their price target on Banner from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. ValuEngine downgraded Banner from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. TheStreet downgraded Banner from a “b-” rating to a “c+” rating in a research note on Tuesday, March 10th. Finally, Keefe, Bruyette & Woods raised Banner from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 1st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Banner presently has an average rating of “Hold” and a consensus target price of $51.50.

BANR opened at $34.20 on Friday. Banner Co. has a one year low of $27.12 and a one year high of $60.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.91. The stock’s fifty day moving average is $33.67 and its 200-day moving average is $46.72. The company has a market capitalization of $1.20 billion, a PE ratio of 8.61 and a beta of 1.15.

Banner (NASDAQ:BANR) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The company had revenue of $138.42 million for the quarter, compared to analyst estimates of $136.10 million. Banner had a return on equity of 8.89% and a net margin of 21.27%. On average, equities research analysts forecast that Banner Co. will post 3.02 EPS for the current fiscal year.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that 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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