Trading Report: The Banner Corp. (BANR) Stake Boosted by Dimensional Fund Advisors LP

The Banner Corp. (BANR) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Banner Corp. (NASDAQ:BANR) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,231,501 shares of the financial services provider’s stock after buying an additional 185,456 shares during the period. Dimensional Fund Advisors LP owned approximately 3.59% of Banner Corp. worth $52,387,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of Banner Corp. during the second quarter worth about $545,000. Boston Advisors LLC purchased a new stake in shares of Banner Corp. during the second quarter worth about $4,801,000. Louisiana State Employees Retirement System increased its stake in shares of Banner Corp. by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the financial services provider’s stock worth $387,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. increased its stake in shares of Banner Corp. by 15.3% in the second quarter. Capstone Asset Management Co. now owns 8,306 shares of the financial services provider’s stock worth $353,000 after buying an additional 1,100 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Banner Corp. by 125.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,889 shares of the financial services provider’s stock worth $293,000 after buying an additional 3,836 shares during the period. 77.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Banner Corp. (NASDAQ:BANR) traded up 0.13% during midday trading on Friday, hitting $44.57. 122,736 shares of the stock were exchanged. Banner Corp. has a 12-month low of $35.39 and a 12-month high of $53.55. The firm has a 50-day moving average price of $43.72 and a 200 day moving average price of $42.81. The firm has a market cap of $1.53 billion, a PE ratio of 23.40 and a beta of 1.63.

Banner Corp. (NASDAQ:BANR) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.05. Banner Corp. had a net margin of 13.96% and a return on equity of 6.70%. Analysts predict that Banner Corp. will post $2.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Monday, October 10th will be paid a $0.23 dividend. This is a boost from Banner Corp.’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, October 5th. Banner Corp.’s payout ratio is currently 47.18%.

Several equities analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of Banner Corp. in a report on Tuesday, August 23rd. Zacks Investment Research raised shares of Banner Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Keefe, Bruyette & Woods decreased their price objective on shares of Banner Corp. from $49.00 to $48.00 and set a “market perform” rating on the stock in a report on Thursday, July 28th. Finally, FBR & Co decreased their price objective on shares of Banner Corp. from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.40.

About Banner Corp.

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