Dimensional Fund Advisors LP Has $141.44 Million Holdings in Banner Corporation $BANR

Dimensional Fund Advisors LP trimmed its holdings in shares of Banner Corporation (NASDAQ:BANR) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,217,931 shares of the financial services provider’s stock after selling 91,004 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Banner worth $141,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BANR. Victory Capital Management Inc. boosted its stake in shares of Banner by 20.3% during the 1st quarter. Victory Capital Management Inc. now owns 2,047,260 shares of the financial services provider’s stock worth $130,554,000 after acquiring an additional 345,607 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Banner by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,439,174 shares of the financial services provider’s stock worth $91,776,000 after purchasing an additional 59,653 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Banner by 122.8% during the first quarter. Westwood Holdings Group Inc. now owns 1,142,987 shares of the financial services provider’s stock worth $72,888,000 after purchasing an additional 630,004 shares during the period. Nuveen LLC acquired a new position in Banner during the first quarter valued at approximately $40,078,000. Finally, Northern Trust Corp raised its position in shares of Banner by 16.9% in the fourth quarter. Northern Trust Corp now owns 487,951 shares of the financial services provider’s stock valued at $32,580,000 after purchasing an additional 70,544 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Trading Down 0.3%

Shares of Banner stock opened at $64.16 on Thursday. Banner Corporation has a 1 year low of $53.78 and a 1 year high of $78.05. The company’s fifty day simple moving average is $64.68 and its 200-day simple moving average is $64.05. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 12.22 and a beta of 0.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $162.98 million during the quarter, compared to the consensus estimate of $167.96 million. Banner had a net margin of 21.15% and a return on equity of 10.06%. As a group, sell-side analysts expect that Banner Corporation will post 5.23 EPS for the current year.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.92 dividend on an annualized basis and a yield of 3.0%. Banner’s dividend payout ratio (DPR) is 36.57%.

Analysts Set New Price Targets

Several analysts recently issued reports on BANR shares. Wall Street Zen downgraded shares of Banner from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. DA Davidson boosted their target price on shares of Banner from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of 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.