Principal Financial Group Inc. Has $13.12 Million Stock Holdings in Banner Corporation $BANR

Principal Financial Group Inc. boosted its position in Banner Corporation (NASDAQ:BANR) by 4.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,221 shares of the financial services provider’s stock after buying an additional 10,146 shares during the period. Principal Financial Group Inc. owned approximately 0.64% of Banner worth $13,120,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BANR. SG Americas Securities LLC raised its stake in shares of Banner by 836.0% during the 4th quarter. SG Americas Securities LLC now owns 22,605 shares of the financial services provider’s stock worth $1,416,000 after buying an additional 20,190 shares during the last quarter. Sovran Advisors LLC acquired a new position in shares of Banner in the 4th quarter valued at $1,147,000. UBS Group AG increased its position in Banner by 241.2% during the 4th quarter. UBS Group AG now owns 454,807 shares of the financial services provider’s stock worth $28,498,000 after purchasing an additional 321,522 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Banner by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,837,199 shares of the financial services provider’s stock valued at $240,439,000 after acquiring an additional 44,249 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Banner by 93.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 488,295 shares of the financial services provider’s stock worth $30,597,000 after acquiring an additional 236,394 shares during the period. 87.33% of the stock is owned by institutional investors and hedge funds.

Banner News Summary

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

Wall Street Analysts Forecast Growth

BANR has been the topic of several research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $72.00 price target on shares of Banner in a research report on Monday, May 4th. Piper Sandler boosted their price objective on Banner from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Keefe, Bruyette & Woods increased their target price on shares of Banner from $73.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday, May 18th. Benchmark assumed coverage on shares of Banner in a research note on Wednesday, July 8th. They set a “hold” rating on the stock. Finally, Weiss Ratings upgraded shares of Banner from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Banner currently has a consensus rating of “Hold” and an average target price of $71.00.

Banner Trading Up 2.1%

BANR opened at $70.29 on Friday. The stock has a market capitalization 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 firm has a 50-day moving average price of $66.63 and a two-hundred day moving average price of $64.18. Banner Corporation has a 1-year low of $57.05 and a 1-year high of $72.65.

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

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, August 4th. Banner’s payout ratio is currently 34.32%.

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.