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

Filing Summary: 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: 000089914016001686. As reported in Friedman Fleischer & Lowe Capital Partners Iii Lp’s form, the filler as of late owns 2.9% or 973,988 shares of the Finance–company.

Banner Corp stake is a new one for the and it was filed because of activity on November 18, 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 81.18% 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 decreased to 1.48 in 2016 Q2. Its down 0.27, from 1.75 in 2016Q1. The ratio is negative, 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.

Amer Grp Inc accumulated 0% or 20,748 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in Banner Corporation (NASDAQ:BANR). Employees Retirement Of Texas, a Texas-based fund reported 34,000 shares. The Iowa-based Principal Grp Incorporated has invested 0.01% in Banner Corporation (NASDAQ:BANR). State Board Of Administration Of Florida Retirement owns 14,862 shares or 0% of their US portfolio. State Street holds 0% or 620,412 shares in its portfolio. Mufg Americas accumulated 6,108 shares or 0.01% of the stock. The California-based Schwab Charles Investment Mgmt Inc has invested 0% in Banner Corporation (NASDAQ:BANR). Renaissance Technology Llc has 0.03% invested in the company for 329,499 shares. Creative Planning has 1,807 shares for 0% of their US portfolio. Nationwide Fund Advsr holds 0.01% or 39,038 shares in its portfolio. Citadel Advisors Limited Liability has invested 0% of its portfolio in Banner Corporation (NASDAQ:BANR). Dimensional Fund Advisors Lp holds 0.03% of its portfolio in Banner Corporation (NASDAQ:BANR) for 1.23 million shares. First Trust Advsr L P accumulated 46,700 shares or 0.01% of the stock. Geode Cap Mgmt Limited Liability has 0% invested in the company for 185,057 shares.

Insider Transactions: Since September 1, 2016, the stock had 0 buys, and 6 insider sales for $74.01 million net activity. 848 Banner Corporation (NASDAQ:BANR) shares with value of $39,915 were sold by Larsen Kenneth A. Fleischer Spencer C also sold $39.13 million worth of Banner Corporation (NASDAQ:BANR) on Friday, November 4. BENNETT DOUGLAS M sold 303 shares worth $13,238. 400 shares with value of $17,300 were sold by PURCELL CYNTHIA D on Thursday, September 15. $17,484 worth of Banner Corporation (NASDAQ:BANR) was sold by Rust Steven W.

The stock increased 0.51% or $0.25 during the last trading session, hitting $49.72. Banner Corporation (NASDAQ:BANR) has risen 14.54% since April 20, 2016 and is uptrending. It has outperformed by 9.98% the S&P500.

Banner Corporation is a bank holding company. The company has a market cap of $1.68 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 24.41 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 -10.92% below today’s ($49.72) stock price. Banner Corporation has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, September 28, the company rating was initiated by Piper Jaffray. Keefe Bruyette & Woods downgraded Banner Corporation (NASDAQ:BANR) on Friday, October 23 to “Market Perform” rating. FBR Capital reinitiated the shares of BANR in a report on Tuesday, October 11 with “Mkt Perform” rating. As per Friday, November 4, the company rating was downgraded by FIG Partners. FBR Capital maintained the shares of BANR in a report on Friday, July 29 with “Mkt Perform” rating.

More news for Banner Corporation (NASDAQ:BANR) were recently published by: Globenewswire.com, which released: “Banner Corporation Completes Merger of AmericanWest Bank” on October 02, 2015. Globenewswire.com‘s article titled: “Banner Corporation Announces Election of Directors” and published on March 03, 2016 is yet another important article.

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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