NWQ Investment Management Company LLC reduced its position in shares of Banner Co. (NASDAQ:BANR) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 366,744 shares of the financial services provider’s stock after selling 6,192 shares during the period. NWQ Investment Management Company LLC owned about 1.12% of Banner worth $20,215,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of BANR. Zions Bancorporation acquired a new stake in shares of Banner during the 3rd quarter valued at approximately $122,000. Stone Ridge Asset Management LLC acquired a new stake in Banner in the fourth quarter worth $248,000. Jane Street Group LLC acquired a new stake in Banner in the third quarter worth $266,000. Crossmark Global Holdings Inc. acquired a new stake in Banner in the third quarter worth $391,000. Finally, Piedmont Investment Advisors LLC increased its position in Banner by 27.5% in the third quarter. Piedmont Investment Advisors LLC now owns 7,231 shares of the financial services provider’s stock worth $443,000 after buying an additional 1,561 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Cynthia D. Purcell sold 841 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $54.67, for a total value of $45,977.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth A. Larsen sold 884 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $57.53, for a total value of $50,856.52. The disclosure for this sale can be found here. In the last three months, insiders sold 2,137 shares of company stock valued at $120,590. Company insiders own 1.71% of the company’s stock.
Shares of Banner Co. (NASDAQ BANR) opened at $58.09 on Wednesday. Banner Co. has a 52-week low of $51.61 and a 52-week high of $62.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1,885.14, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.
Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Banner had a return on equity of 7.55% and a net margin of 12.02%. The company had revenue of $128.15 million during the quarter, compared to analyst estimates of $126.56 million. equities analysts anticipate that Banner Co. will post 3.48 EPS for the current fiscal year.
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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 Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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