Arizona State Retirement System Increases Holdings in Banner Corporation by 2.7%
August 1, 2023
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The Arizona State Retirement System (ASRS) recently made a significant investment in Banner Corporation ($NASDAQ:BANR) (BANNER CORP). This marks a significant commitment from the ASRS to the long-term potential of the company. BANNER CORP is a leading provider of financial services, offering a comprehensive suite of products and services to individuals and businesses. The company is committed to providing innovative solutions to meet the changing needs of its customers. It also provides comprehensive wealth management, retirement planning, insurance, and other financial products and services.
It is a sign that the organization believes that BANNER CORP is well-positioned to help Arizona residents realize their retirement goals. The company’s strong growth and solid financial position are likely to be key factors in the ASRS’s decision. With this increased stake in BANNER CORP, the ASRS continues to demonstrate its commitment to ensuring that Arizona’s citizens have access to secure and reliable retirement options.
Analysis
This makes it an attractive investment opportunity for investors looking for rapid growth. When assessing BANNER CORPORATION’s financials, it scored highly in all metrics, such as growth, asset quality, and dividend yield. It was rated as medium in profitability, indicating that it is growing rather rapidly but still needs to bolster its profitability. Finally, GoodWhale’s health score for BANNER CORPORATION is 9/10, indicating that it is in good financial shape. The company has strong cash flows and debt coverage ratios, indicating it is capable of paying off debt and funding its future operations. As such, this makes BANNER CORPORATION an attractive investment opportunity for investors looking for a solid growth stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Banner Corporation. More…
| Total Revenues | Net Income | Net Margin |
| – | 198.6 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Banner Corporation. More…
| Operations | Investing | Financing |
| 238.05 | -1.44k | -684.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Banner Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.58k | 14.04k | – |
Key Ratios Snapshot
Some of the financial key ratios for Banner Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
The company’s primary competitors are Golden VY Bancshares Inc, Red River Bancshares Inc, and CB Financial Services Inc. All three companies are similar in size and offer similar banking products and services. Banner Corp has a slight advantage in terms of geography, as it operates in a larger geographic area than its competitors.
However, all three companies are well-positioned to compete for market share in the northwest United States.
– Golden VY Bancshares Inc ($OTCPK:GVYB)
Golden VY Bancshares Inc is a bank holding company that operates through its subsidiary, Golden Valley Bank. The Bank offers a range of personal and business banking services. Its personal banking services include checking and savings accounts, loans, and credit cards. The Bank’s business banking services include loans, lines of credit, and treasury management. As of December 31, 2020, Golden VY Bancshares Inc operated through 11 full-service branches located in California’s Central Valley.
– Red River Bancshares Inc ($NASDAQ:RRBI)
Red River Bancshares Inc is a bank holding company. The Company’s primary business is the ownership and operation of its bank subsidiary, Red River Bank (the Bank). The Bank provides a range of banking services to individual and corporate customers in central Louisiana.
– CB Financial Services Inc ($NASDAQ:CBFV)
CB Financial Services Inc is a bank holding company. The Company’s principal business is the ownership and operation of its subsidiaries, Citizens Bank and Citizens Bank of Pennsylvania. These subsidiaries are engaged in the business of banking and related activities, including accepting deposits, making loans and providing other services for personal, business and institutional customers.
Summary
Banner Corporation is an attractive investment opportunity. The Arizona State Retirement System recently increased its stake in Banner Corporation by 2.7%, suggesting that they have confidence in the company’s future prospects. Analysts recommend diversifying investments in Banner Corporation through a range of stocks, bonds, and funds, as doing so can help spread out risk and potentially increase returns.
Additionally, investors should research the company’s financials, competitive landscape, and management team to gain insight into the company’s potential growth prospects. Ultimately, investors should assess the risks and rewards associated with investing in Banner Corporation before making any decisions.
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