Principal Financial Group Inc. Acquires 10,146 Shares of Banner Corporation $BANR

Principal Financial Group Inc. boosted its holdings in Banner Corporation (NASDAQ:BANR) by 4.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 216,221 shares of the financial services provider’s stock after purchasing an additional 10,146 shares during the quarter. Principal Financial Group Inc.’s holdings in Banner were worth $13,120,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Banner by 1.0% during the fourth quarter. Royal Bank of Canada now owns 17,519 shares of the financial services provider’s stock valued at $1,097,000 after purchasing an additional 167 shares during the last quarter. First Trust Advisors LP lifted its position in Banner by 0.4% in the 3rd quarter. First Trust Advisors LP now owns 41,634 shares of the financial services provider’s stock worth $2,727,000 after buying an additional 175 shares during the last quarter. US Bancorp DE lifted its stake in Banner by 8.9% in the third quarter. US Bancorp DE now owns 2,154 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 176 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Banner by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 6,628 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 197 shares during the period. Finally, CWM LLC increased its holdings in Banner by 12.9% during the 4th quarter. CWM LLC now owns 1,828 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 209 shares during the period. 87.33% of the stock is owned by hedge funds and other institutional investors.

More Banner News

Here are the key news stories impacting Banner this week:

• Positive Sentiment: Banner said it expects mid-single-digit loan growth in 2026, which suggests continued balance-sheet expansion and improving operating momentum. The company also said it expects its Bank of the Pacific acquisition to close in Q3, adding to the growth story. Article Title
• Positive Sentiment: Management’s earnings-call commentary emphasized strong loan growth and a boost in core earnings, which likely reassured investors that underlying profitability remains healthy despite near-term pressure. Article Title
• Positive Sentiment: Banner declared a quarterly dividend of $0.52 per share, reinforcing capital return to shareholders and supporting the stock’s income appeal. Article Title
• Neutral Sentiment: Short-interest data showed 0 shares outstanding and no meaningful change, so this does not appear to be a factor driving the stock today.
• Negative Sentiment: Quarterly results missed analyst estimates, with EPS of $1.44 versus expectations around $1.46-$1.47, and revenue also came in slightly below forecasts. That limits upside and may temper enthusiasm around the earnings report. Article Title

Banner Stock Performance

Shares of BANR stock opened at $70.29 on Friday. The company has a market cap of $2.39 billion, a PE ratio of 11.60 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $66.63 and its 200-day simple moving average is $64.18. Banner Corporation has a 12-month low of $57.05 and a 12-month high of $72.65.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). Banner had a net margin of 23.55% and a return on equity of 10.72%. The firm had revenue of $172.11 million during the quarter, compared to analyst estimates of $174.54 million. Analysts expect that Banner Corporation will post 6.17 earnings per share for the current fiscal year.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th will be given a $0.52 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.0%. Banner’s dividend payout ratio is 34.32%.

Analysts Set New Price Targets

Several research firms recently weighed in on BANR. Piper Sandler lifted their price target on Banner from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods upped their price objective on Banner from $73.00 to $75.00 and gave the company a “market perform” rating in a research report on Monday, May 18th. DA Davidson reiterated a “neutral” rating and issued a $72.00 price target on shares of Banner in a research note on Monday, May 4th. Wall Street Zen downgraded Banner from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings raised shares of Banner from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Banner presently has a consensus rating of “Hold” and an average target price of $71.00.

Banner Company Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.