Banner Corporation (NASDAQ:BANR) is expected to pay $0.23 on Oct 19, 2016. The indicated annual dividend is $0.92. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Banner Corporation’s current price of $43.55, the dividend is 0.53%. This dividend’s record date is Oct 10, 2016 and the announcement date is Sep 28, 2016. The stock decreased 0.43% or $0.19 during the last trading session, hitting $43.55. Banner Corporation (NASDAQ:BANR) has risen 7.35% since March 1, 2016 and is uptrending. It has underperformed by 1.90% the S&P500.
Banner Corporation is a bank holding company. The company has a market cap of $1.50 billion. The Firm is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. It has a 22.22 P/E ratio. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.
Insitutional Activity: The institutional sentiment increased to 1.75 in 2016 Q2. Its up 1.06, from 0.69 in 2016Q1. The ratio improved, as 5 funds sold all Banner Corporation shares owned while 39 reduced positions. 18 funds bought stakes while 59 increased positions. They now own 25.63 million shares or 11.67% more from 22.96 million shares in 2016Q1.
Comerica Bank has invested 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR). Panagora Asset Mngmt accumulated 167,277 shares or 0.04% of the stock. Moreover, Manufacturers Life Insur The has 0.01% invested in Banner Corporation (NASDAQ:BANR) for 92,886 shares. Quantbot Tech Lp holds 2,326 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage Sa has 6,889 shares for 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 495 shares or 0% of their US portfolio. Perkins Ltd Liability Corporation last reported 711,275 shares in the company. Pinnacle Hldgs Llc has 200 shares for 0% of their US portfolio. Thomson Horstmann Bryant owns 10,671 shares or 0.06% of their US portfolio. Voya Inv Mgmt Limited Liability has 12,278 shares for 0% of their US portfolio. California Public Employees Retirement holds 55,400 shares or 0% of its portfolio. Symphony Asset Mngmt Limited last reported 0.04% of its portfolio in the stock. Qs Investors Ltd Co has 22,261 shares for 0.01% of their US portfolio. Fisher Asset Mgmt Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Oaktree Cap L P has 1.99% invested in the company for 2.60 million shares.
Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 4 selling transactions for $105,934 net activity. $13,238 worth of Banner Corporation (NASDAQ:BANR) was sold by BENNETT DOUGLAS M. The insider Rust Steven W sold 401 shares worth $17,484. PURCELL CYNTHIA D had sold 400 shares worth $17,300.
Banner Corporation (NASDAQ:BANR) Ratings Coverage
Out of 6 analysts covering Banner Corporation (NASDAQ:BANR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Banner Corporation has been the topic of 7 analyst reports since July 22, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of BANR in a report on Friday, July 29 with “Mkt Perform” rating. The company was downgraded on Friday, October 23 by Keefe Bruyette & Woods. The company was initiated on Monday, September 28 by Piper Jaffray.
More news for Banner Corporation (NASDAQ:BANR) were recently published by: Globenewswire.com, which released: “Banner Corporation Increases Quarterly Cash Dividend to $0.23 Per Share …” on September 28, 2016. Nasdaq.com‘s article titled: “Banner Corporation to Attend KBW Community Bank Investor Conference” and published on August 01, 2016 is yet another important article.
BANR Company Profile
Banner Corporation, incorporated on May 14, 1998, is a bank holding company. The Firm is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. The Company’s electronic banking activities include debit card and automated teller machine (ATM) programs, online Internet banking services, and customer remote deposit and mobile banking capabilities. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas. Islanders Bank is a community bank that offers banking services to individuals, businesses and public entities located primarily in the San Juan Islands.
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