Banner Corporation (NASDAQ:BANR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Banner Corporation (NASDAQ:BANR - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,439,174 shares of the financial services provider's stock after buying an additional 59,653 shares during the period. Charles Schwab Investment Management Inc. owned about 4.17% of Banner worth $91,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BANR. Opal Wealth Advisors LLC bought a new position in Banner during the first quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in Banner by 53.9% during the first quarter. GAMMA Investing LLC now owns 754 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 264 shares during the period. USA Financial Formulas lifted its position in Banner by 69.1% during the first quarter. USA Financial Formulas now owns 805 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 329 shares during the period. Sterling Capital Management LLC increased its holdings in Banner by 816.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,082 shares of the financial services provider's stock valued at $72,000 after buying an additional 964 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Banner by 13.1% during the first quarter. US Bancorp DE now owns 1,978 shares of the financial services provider's stock valued at $126,000 after buying an additional 229 shares during the last quarter. Institutional investors own 87.33% of the company's stock.

Analyst Upgrades and Downgrades

BANR has been the subject of a number of analyst reports. DA Davidson increased their price objective on shares of Banner from $67.00 to $72.00 and gave the stock a "neutral" rating in a research note 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 for the company in a research note on Monday, April 21st. Wall Street Zen cut shares of Banner from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Raymond James Financial reaffirmed an "outperform" rating and set a $65.00 target price (down from $77.00) on shares of Banner in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Banner has an average rating of "Hold" and an average price target of $70.17.

Banner Trading Down 2.7%

Shares of BANR traded down $1.80 during mid-day trading on Friday, reaching $63.72. The stock had a trading volume of 260,986 shares, compared to its average volume of 229,156. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.88 and a quick ratio of 0.88. Banner Corporation has a 52-week low of $53.78 and a 52-week high of $78.05. The business's fifty day moving average is $64.60 and its 200 day moving average is $64.14. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 12.14 and a beta of 0.93.

Banner (NASDAQ:BANR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $162.98 million during the quarter, compared to analyst estimates of $167.96 million. Banner had a net margin of 21.15% and a return on equity of 10.06%. On average, sell-side analysts predict that Banner Corporation will post 5.23 EPS for the current fiscal year.

Banner Dividend Announcement

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