Breaking: Banner Corp: Friedman Fleischer & Lowe Capital Partners Iii Lp Opened Big New Position

Breaking: Banner Corp: Friedman Fleischer & Lowe Capital Partners Iii Lp Opened Big New Position

The New Friedman Fleischer & Lowe Capital Partners Iii Lp Holding in Banner Corp

Friedman Fleischer & Lowe Capital Partners Iii Lp filed with the SEC SC 13D/A form for Banner Corp. The form can be accessed here: 000089914016001664. As reported in Friedman Fleischer & Lowe Capital Partners Iii Lp’s form, the filler as of late owns 5% or 1,693,988 shares of the Finance–company.

Banner Corp stake is a new one for the and it was filed because of activity on November 4, 2016. We feel this shows Friedman Fleischer & Lowe Capital Partners Iii Lp’s positive view for the stock.

Banner Corp Institutional Sentiment

Latest Security and Exchange filings show 151 investors own Banner Corp. The institutional ownership in Q3 2015 is high, at 80.11% of the outstanding shares. This is increased by 9637874 the total institutional shares. 27131880 were the shares owned by these institutional investors. In total 13 funds opened new Banner Corp stakes, 56 increased stakes. There were 12 that closed positions and 51 reduced them.

3 managers had the stock in their top Ten. Notable investors are: General Motors Investment Management Corp, Ejf Capital Llc, Oaktree Capital Management Lp, Consector Capital Lp, Forest Hill Capital Llc..

Mark Lee Forest Hill Capital Llc is an institutional investor bullish on Banner Corp, owning 942253 shares as of Q3 2015 for 4.27% of its portfolio. Piermont Capital Management Llc owns 75952 shares or 1.18% of its portfolio. NY Paradigm Capital Management Inc have 0.20% of their stock portfolio for 35000 shares. Further, Pinnacle Holdings Llc reported stake worth less than 0.01% of its US stock portfolio. The OR Orca Investment Management Llc owns 32452 shares. Banner Corp is 1.90% of the manager’s US portfolio.

Business 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 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. The Banks’ primary business is that of traditional banking institutions, accepting deposits and originating loans in locations, including Washington, Oregon, California, Utah and Idaho. Banner Bank is engaged in mortgage banking operations, through the origination and sale of one to four-family residential loans. The Company’s lending activities are conducted through Banner Bank and Community Financial Corporation.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.75 in 2016 Q2. Its up 1.06, from 0.69 in 2016Q1. The ratio is positive, 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.

Qs Investors Limited Liability holds 22,261 shares or 0.01% of its portfolio. Clarivest Asset Limited Liability Co holds 0.01% or 7,783 shares in its portfolio. Alphaone Serv Limited Liability owns 87,043 shares or 1.37% of their US portfolio. State Of Tennessee Treasury Department has invested 0% of its portfolio in Banner Corporation (NASDAQ:BANR). Deere And has invested 0.02% of its portfolio in Banner Corporation (NASDAQ:BANR). Zebra Capital Mgmt Lc last reported 0.24% of its portfolio in the stock. Los Angeles Capital Mngmt And Equity Rech owns 7,600 shares or 0% of their US portfolio. Millennium Llc reported 113,954 shares or 0.01% of all its holdings. Fmr Lc has invested 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR). Westwood Hldgs Grp has invested 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR). Vanguard Grp holds 0.01% or 2.17 million shares in its portfolio. Northern Trust has invested 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR). Barclays Plc last reported 891 shares in the company. Aqr Cap Limited Co holds 0% or 20,096 shares in its portfolio. Gemmer Asset Limited Liability Corporation reported 79 shares or 0% of all its holdings.

Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 3 selling transactions for $48,022 net activity. $13,238 worth of Banner Corporation (NASDAQ:BANR) was sold by BENNETT DOUGLAS M on Thursday, September 1. PURCELL CYNTHIA D had sold 400 shares worth $17,300 on Thursday, September 15. On Thursday, September 1 Rust Steven W sold $17,484 worth of the stock or 401 shares.

The stock increased 2.11% or $0.93 during the last trading session, hitting $45.1. About 250,286 shares traded hands or 11.65% up from the average. Banner Corporation (NASDAQ:BANR) has risen 8.13% since April 5, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.

Banner Corporation is a bank holding company. The company has a market cap of $1.53 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 22.14 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.

Banner Corporation (NASDAQ:BANR) Ratings Coverage

Out of 7 analysts covering Banner Corporation (NASDAQ:BANR), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $54 is the highest target while $2 is the lowest. The $44.29 average target is -1.80% below today’s ($45.1) stock price. Banner Corporation has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Friday, October 23. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29. The rating was downgraded by FIG Partners to “Market Perform” on Friday, November 4. FBR Capital reinitiated Banner Corporation (NASDAQ:BANR) on Tuesday, October 11 with “Mkt Perform” rating. The stock of Banner Corporation (NASDAQ:BANR) has “Overweight” rating given on Monday, September 28 by Piper Jaffray.

More important recent Banner Corporation (NASDAQ:BANR) news were published by: Nasdaq.com which released: “Banner Corporation (BANR) Ex-Dividend Date Scheduled for October 05, 2016” on October 04, 2016, also Globenewswire.com published article titled: “Banner Corporation Announces Election of Directors”, Reuters.com published: “BRIEF-Banner Corporation Q3 earnings per share $0.70” on October 26, 2016. More interesting news about Banner Corporation (NASDAQ:BANR) was released by: Seekingalpha.com and their article: “Banner: A Regional Bank Set To Soar” with publication date: October 06, 2016.

According to Zacks Investment Research, “Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans.”

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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