XTX Topco Ltd Makes New Investment in Banner Corporation (NASDAQ:BANR)

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

Several other institutional investors and hedge funds also recently made changes to their positions in BANR. Principal Financial Group Inc. increased its stake in Banner by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 171,592 shares of the financial services provider's stock worth $10,942,000 after acquiring an additional 4,503 shares during the period. Sterling Capital Management LLC increased its holdings in Banner by 816.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the financial services provider's stock worth $72,000 after purchasing an additional 964 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Banner by 141.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,071 shares of the financial services provider's stock worth $1,854,000 after buying an additional 17,030 shares during the last quarter. Invesco Ltd. increased its position in Banner by 2.0% in the fourth quarter. Invesco Ltd. now owns 134,060 shares of the financial services provider's stock worth $8,951,000 after buying an additional 2,637 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Banner in the 1st quarter valued at approximately $352,000. Institutional investors and hedge funds own 87.33% of the company's stock.

Banner Price Performance

BANR stock traded down $0.93 during trading on Thursday, reaching $62.16. The company's stock had a trading volume of 65,028 shares, compared to its average volume of 223,401. Banner Corporation has a 1 year low of $52.73 and a 1 year high of $78.05. The company's fifty day moving average is $64.28 and its 200-day moving average is $64.50. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.15 billion, a P/E ratio of 11.84 and a beta of 0.93.

Banner (NASDAQ:BANR - Get Free Report) last posted its 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. Banner had a return on equity of 10.06% and a net margin of 21.15%. The company had revenue of $162.98 million for the quarter, compared to the consensus estimate of $167.96 million. On average, research analysts expect that Banner Corporation will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be given a $0.48 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $1.92 dividend on an annualized basis and a yield of 3.1%. Banner's dividend payout ratio (DPR) is currently 36.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BANR. Stephens restated an "overweight" rating and issued a $73.00 price objective on shares of Banner in a report on Monday, April 21st. DA Davidson boosted their target price on Banner from $67.00 to $72.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Raymond James Financial reissued an "outperform" rating and issued a $65.00 target price (down previously from $77.00) on shares of Banner in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target 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. Finally, Wall Street Zen raised Banner from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.