Monitor for further Vanguard entity filings to see if additional selling continues. The drop below 5% removes the passive disclosure requirement, so future changes may not be visible until the next 13F filing. The Q3 earnings miss and merger costs may have prompted the reduction.
Price Chart
Executive Summary
Vanguard Capital Management LLC filed an amended Schedule 13G disclosing a 4.74% passive stake in Banner Corp as of September 30, 2026, down from the prior 5%+ threshold. The filing shows a reduction of approximately 264,999 shares from the previous 1,738,655 shares, bringing the total to 1,473,656 shares. This decrease below 5% signals a partial exit by a major index fund manager, which is mildly bearish for sentiment.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC reported beneficial ownership of 1,473,656 shares of Banner Corp common stock as of September 30, 2026.
- The stake represents 4.74% of shares outstanding, down from the prior 5%+ threshold.
- The filing is an amendment to Schedule 13G, indicating a decrease in holdings of approximately 264,999 shares.
- The filing was made under Rule 13d-1(b), confirming passive investment intent.
Financial Impact
Reduction of approximately 264,999 shares, representing about 0.85% of shares outstanding based on a $2.5B market cap and $72.50 estimated share price.
Risk Factors
- Vanguard Capital Management's reduction below 5% could signal waning institutional confidence following the Q3 earnings miss.
- Other index funds may follow suit, increasing selling pressure.
- The filing does not disclose the exact date of the share reduction, only the snapshot date of September 30, 2026.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100119-26-001555 |
| Document: 0002100119-26-001555-index.html | 0002100119-26-001555 |
| Document: 0002100119-26-001555.txt | 0002100119-26-001555 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $68.51 | awaiting T+5 | awaiting T+5 | $69.21 (−1.02%) |
Oct 21, 2026 11d ago | 8-K | $70.10 $69.32 | ▲ +1.11% | ▲ +1.82% | $69.21 (+1.27%) |
Sep 1, 2026 8w ago | 8-K | $68.58 $70.41 | ▲ +2.67% | ▲ +2.59% | $69.21 (+0.92%) |
Jul 20, 2026 14w ago | 425 | $70.74 $70.23 | ▼ −0.72% | ▲ +0.51% | $69.21 (−2.16%) |
Jun 17, 2026 19w ago | EFFECT | $64.76 $67.61 | ▲ +4.40% | ▲ +5.44% | $69.21 (+6.87%) |
Jun 15, 2026 19w ago | S-4/A | $66.12 $66.96 | ▲ +1.27% | ▲ +3.50% | $69.21 (+4.67%) |
Jun 3, 2026 21w ago | S-4 | $64.61 $66.85 | ▲ +3.47% | ▲ +6.02% | $69.21 (+7.12%) |
Apr 22, 2026 27w ago | 8-K | $67.22 $66.25 | ▼ −1.44% | ▼ −2.92% | $69.21 (+2.97%) |
US Market Status
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