XTX Topco Ltd Invests $795,000 in Banner Corporation (NASDAQ:BANR)

XTX Topco Ltd bought a new stake in Banner Corporation (NASDAQ:BANR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,461 shares of the financial services provider's stock, valued at approximately $795,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BANR. Victory Capital Management Inc. increased its position in shares of Banner by 20.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,047,260 shares of the financial services provider's stock valued at $130,554,000 after purchasing an additional 345,607 shares during the last quarter. Norges Bank purchased a new stake in shares of Banner in the 4th quarter valued at approximately $6,075,000. Deutsche Bank AG increased its position in shares of Banner by 241.9% in the 4th quarter. Deutsche Bank AG now owns 117,504 shares of the financial services provider's stock valued at $7,846,000 after purchasing an additional 83,140 shares during the last quarter. Northern Trust Corp increased its position in shares of Banner by 16.9% in the 4th 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 last quarter. Finally, F M Investments LLC increased its position in shares of Banner by 912.9% in the 4th quarter. F M Investments LLC now owns 60,246 shares of the financial services provider's stock valued at $4,023,000 after purchasing an additional 54,298 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BANR shares. Wall Street Zen raised shares of Banner from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Janney Montgomery Scott raised shares of Banner from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a report on Monday, April 21st. Stephens reaffirmed an "overweight" rating and issued a $73.00 target price on shares of Banner in a report on Monday, April 21st. Raymond James Financial reiterated an "outperform" rating and issued a $65.00 price objective (down previously from $77.00) on shares of Banner in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Banner from $75.00 to $73.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.17.

Banner Trading Up 1.6%

Shares of NASDAQ BANR traded up $0.99 during midday trading on Tuesday, reaching $63.17. 277,568 shares of the stock were exchanged, compared to its average volume of 247,853. The company has a market capitalization of $2.18 billion, a P/E ratio of 12.03 and a beta of 0.93. Banner Corporation has a 52-week low of $52.31 and a 52-week high of $78.05. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $64.24 and a 200-day moving average price of $64.52.

Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.03. The business 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%. Equities research analysts expect that Banner Corporation will post 5.23 earnings per share for the current fiscal year.

Banner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, August 5th. Banner's payout ratio is presently 36.57%.

Banner Company 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.