Oaktree Capital Management Lp Lowers stake in Banner Corporation (BANR)

Banner Corporation (BANR) : Oaktree Capital Management Lp reduced its stake in Banner Corporation by 4.84% during the most recent quarter end. The investment management company now holds a total of 2,473,283 shares of Banner Corporation which is valued at $119,904,760 after selling 125,705 shares in Banner Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Banner Corporation makes up approximately 3.31% of Oaktree Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in BANR during the most recent quarter. The investment firm sold 6,235 shares of BANR which is valued $302,273.New York State Common Retirement Fund reduced its stake in BANR by selling 14,133 shares or 13.31% in the most recent quarter. The Hedge Fund company now holds 92,084 shares of BANR which is valued at $4,152,988. Banner Corporation makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.General Motors Investment Management Corp reduced its stake in BANR by selling 266,691 shares or 41.48% in the most recent quarter. The Hedge Fund company now holds 376,199 shares of BANR which is valued at $16,966,575. Banner Corporation makes up approx 81.13% of General Motors Investment Management Corp’s portfolio.Aperio Group boosted its stake in BANR in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 4,985 shares of Banner Corporation which is valued at $221,334.

Banner Corporation opened for trading at $49.33 and hit $49.88 on the upside on Monday, eventually ending the session at $49.47, with a gain of 0.67% or 0.33 points. The heightened volatility saw the trading volume jump to 4,94,431 shares. Company has a market cap of $1,658 M.

Many Wall Street Analysts have commented on Banner Corporation. Banner Corporation was Downgraded by FIG Partners to ” Market Perform” on Nov 4, 2016. 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 .

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.

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