Raymond James Financial Services Advisors Inc. lessened its stake in shares of Banner Co. (NASDAQ:BANR – Free Report) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,096 shares of the financial services provider’s stock after selling 469 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Banner were worth $258,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Banner by 1.3% during the second quarter. BNP Paribas Arbitrage SA now owns 14,703 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 191 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Banner by 0.6% during the third quarter. UBS Asset Management Americas Inc. now owns 38,436 shares of the financial services provider’s stock worth $2,271,000 after purchasing an additional 227 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Banner by 2.3% during the first quarter. Bank of Montreal Can now owns 11,310 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 254 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of Banner by 126.7% during the second quarter. Eagle Bay Advisors LLC now owns 501 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 280 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of Banner by 2.4% during the second quarter. New York State Teachers Retirement System now owns 12,965 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.
Banner Trading Down 1.0 %
Shares of BANR opened at $48.39 on Wednesday. The stock’s 50-day moving average is $50.12 and its two-hundred day moving average is $46.22. The stock has a market cap of $1.66 billion, a PE ratio of 9.08 and a beta of 1.03. Banner Co. has a 12 month low of $39.31 and a 12 month high of $67.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.83.
Banner Dividend Announcement
Insiders Place Their Bets
In other Banner news, VP James P.G. Mclean sold 1,733 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.03, for a total transaction of $86,701.99. Following the transaction, the vice president now owns 18,895 shares in the company, valued at $945,316.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on BANR. Raymond James raised their price objective on Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Stephens reduced their target price on Banner from $54.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, October 20th. StockNews.com upgraded Banner from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reduced their target price on Banner from $58.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Banner has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.
Banner Corporation operates as the bank holding company for Banner Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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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