Campbell & CO Investment Adviser LLC Reduces Stock Holdings in Banner Co. (NASDAQ:BANR)

Campbell & CO Investment Adviser LLC reduced its holdings in shares of Banner Co. (NASDAQ:BANRFree Report) by 8.6% during the third quarter, Holdings Channel reports. The fund owned 14,348 shares of the financial services provider’s stock after selling 1,343 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Banner were worth $608,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Banner by 1.5% during the 1st quarter. BlackRock Inc. now owns 5,045,063 shares of the financial services provider’s stock valued at $295,288,000 after purchasing an additional 72,304 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Banner by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 3,854,556 shares of the financial services provider’s stock worth $225,607,000 after acquiring an additional 71,559 shares in the last quarter. State Street Corp boosted its position in shares of Banner by 7.4% during the first quarter. State Street Corp now owns 1,821,229 shares of the financial services provider’s stock valued at $106,597,000 after purchasing an additional 124,919 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Banner by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 966,979 shares of the financial services provider’s stock worth $40,981,000 after purchasing an additional 42,871 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in Banner by 7.5% in the second quarter. Nuveen Asset Management LLC now owns 891,606 shares of the financial services provider’s stock worth $38,936,000 after purchasing an additional 62,356 shares in the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James boosted their price objective on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods cut their price target on Banner from $58.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. StockNews.com upgraded Banner from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Stephens dropped 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.75.

View Our Latest Stock Report on BANR

Banner Trading Up 0.9 %

NASDAQ:BANR opened at $44.49 on Monday. Banner Co. has a 52 week low of $39.31 and a 52 week high of $64.68. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 8.35 and a beta of 1.05. The company’s 50 day moving average price is $50.16 and its 200-day moving average price is $46.14. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.40.

Banner (NASDAQ:BANRGet Free Report) last issued its earnings results on Thursday, January 18th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.31 by $0.03. Banner had a return on equity of 12.96% and a net margin of 24.61%. The business had revenue of $152.46 million for the quarter, compared to the consensus estimate of $155.54 million. On average, equities research analysts forecast that Banner Co. will post 4.64 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Wednesday, February 7th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.92 annualized dividend and a yield of 4.32%. Banner’s payout ratio is 36.02%.

Insiders Place Their Bets

In related news, VP James P.G. Mclean sold 1,733 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were 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 can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Banner Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BANR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banner Co. (NASDAQ:BANRFree Report).

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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