Todays Report: The UBS Asset Management Americas Inc. decreases its position in Banner Co. (BANR)

The UBS Asset Management Americas Inc. decreases its position in Banner Co. (BANR)

UBS Asset Management Americas Inc. reduced its stake in shares of Banner Co. (NASDAQ:BANR) by 43.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,992 shares of the financial services provider’s stock after selling 28,038 shares during the period. UBS Asset Management Americas Inc. owned 0.10% of Banner worth $1,532,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BANR. MUFG Americas Holdings Corp boosted its stake in Banner by 2.0% in the second quarter. MUFG Americas Holdings Corp now owns 6,108 shares of the financial services provider’s stock valued at $260,000 after buying an additional 118 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Banner by 125.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,889 shares of the financial services provider’s stock valued at $293,000 after buying an additional 3,836 shares during the period. Menta Capital LLC boosted its stake in Banner by 65.3% in the first quarter. Menta Capital LLC now owns 8,100 shares of the financial services provider’s stock valued at $341,000 after buying an additional 3,200 shares during the period. Capstone Asset Management Co. boosted its stake in Banner by 15.3% in the second quarter. Capstone Asset Management Co. now owns 8,306 shares of the financial services provider’s stock valued at $353,000 after buying an additional 1,100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Banner by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the financial services provider’s stock valued at $387,000 after buying an additional 100 shares during the period. 77.17% of the stock is owned by institutional investors.

Banner Co. (NASDAQ:BANR) traded down 2.67% on Thursday, hitting $43.31. The stock had a trading volume of 25,220 shares. The company has a 50 day moving average of $43.86 and a 200 day moving average of $42.87. The company has a market capitalization of $1.49 billion, a PE ratio of 22.73 and a beta of 1.63. Banner Co. has a 12-month low of $35.39 and a 12-month high of $53.55.

Banner (NASDAQ:BANR) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.72 by $0.05. Banner had a return on equity of 6.70% and a net margin of 13.96%. On average, equities analysts expect that Banner Co. will post $2.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This is a boost from Banner’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.07%. Banner’s dividend payout ratio is presently 47.18%.

BANR has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $52.00 target price on shares of Banner in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Banner from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. FBR & Co reduced their price target on Banner from $50.00 to $48.00 and set a “market perform” rating on the stock in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods reduced their price target on Banner from $49.00 to $48.00 and set a “market perform” rating on the stock in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Banner currently has an average rating of “Buy” and a consensus price target of $50.00.

Banner Company 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 regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.

Related posts

Leave a Comment