Banner Corporation (BANR) : Baker Boyer National Bank added new position in Banner Corporation during the most recent quarter end. The investment management firm now holds 5,146 shares of Banner Corporation which is valued at $228,122 , the company said in a statement filed on Oct 12, 2016 with the SEC.Banner Corporation makes up approximately 0.95% of Baker Boyer National Bank’s portfolio.
Other Hedge Funds, Including , Fisher Asset Management reduced its stake in BANR by selling 14,811 shares or 24.33% in the most recent quarter. The Hedge Fund company now holds 46,064 shares of BANR which is valued at $2,062,746.Bnp Paribas Arbitrage Sa reduced its stake in BANR by selling 2,411 shares or 35.0% in the most recent quarter. The Hedge Fund company now holds 4,478 shares of BANR which is valued at $199,674.
Banner Corporation closed down -0.45 points or -1.00% at $44.33 with 2,18,321 shares getting traded on Tuesday. Post opening the session at $44.73, the shares hit an intraday low of $44.07 and an intraday high of $44.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Many Wall Street Analysts have commented on Banner Corporation. Company shares were Resumed by FBR & Co. on Oct 11, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 48 from a previous price target of $50 .
Banner Corporation is a bank holding company for its wholly owned 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. 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 includes accepting deposits and originating loans in locations surrounding its offices in portions of Washington Oregon and Idaho. Banner Bank also engages in mortgage banking operations primarily through the origination and sale of one to four-family residential loans. As of December 31 2014 the Company had total consolidated assets of $4.7 billion net loans of $3.8 billion total deposits of $3.9 billion and total stockholders’ equity of $584 million.