Alex S. Gabor & Associates is advising Soros Fund Management via the Cayman Islands to short BANR.
Alex S. Gabor & Associates Investment Advisors is also advising twelve hedge funds currently invested in Banner Corporation to sell or short their positions due to an ongoing series of investigations into the dealings between Michael R. Mastro, a fugitive from American justice, current and former Banner Corporation Loan Officers and Executives, and the Cereghino Group led by Leonard Cereghino.
An article posted at Blogger and linked here at Seeking Alpha regarding the ongoing discovery process was deleted as a result of a complaint filed by Cereghino Group that is seeking to illegally suppress evidence and obstruct justice and further investigations into the matter by lawful agents of government enforcers.
Copies of complaints against D.A. Davidson, Banner Corporations' Investment Advisor, Banner Corporation and its PR firm Cereghino Group have been filed hereby with the department of Justice in Seattle, the District Attorney, the Bankruptcy Court related to ill gotten gains by Mastro and his Bankrupt Estate, and 39 other banks in Washington linked to the collapsed Mastro Empire.
Mastro is a former client of Banner Bank who bought a property in Seattle near the corner of Stone Way and 34th which is now a Walgreens and houses a real estate company Keller Realty, and had it financed by Banner Corporation subsidiaries.
The Mastro organization was engaged in an illegal flipping scheme on commercial and residential properties in Seattle and King County and was engaged in usurious loan sharking. It is alleged in the complaints filed with the SEC that Banner assisted in this activity through lines of credit provided to Mastro and his associates directly and indirectly.
Further information can be obtained from the internet as the Washington State Chapter of the International Bank Activities Reform Commissions publish their reports.
Sources:
Soros Fund Management Advisory Letters:
SeekingAlpha.com has blocked all further comments and posts by Alex S. Gabor pending further investigation into false allegations by Cereghino, D.A. Davidson and Banner Corporation Executives published privately and publicly.
Banner Corporation (NASDAQ:BANR) was in 12 hedge funds' portfolio at the end of the fourth quarter of 2012. BANR investors should be aware of an increase in enthusiasm from smart money of late. There were 10 hedge funds in our database with BANR positions at the end of the previous quarter.
Banner Corporation (NASDAQ:BANR)In the 21st century investor’s toolkit, there are tons of gauges shareholders can use to analyze their holdings. Two of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top fund managers can outperform their index-focused peers by a very impressive margin (see just how much).
Just as important, optimistic insider trading activity is another way to parse down the marketplace. There are a number of incentives for an insider to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this strategy if investors understand where to look (learn more here).
With these "truths" under our belt, it's important to take a peek at the latest action surrounding Banner Corporation (NASDAQ:BANR).
What have hedge funds been doing with Banner Corporation (NASDAQ:BANR)?
In preparation for this year, a total of 12 of the hedge funds we track held long positions in this stock, a change of 20% from the previous quarter. With the smart money's sentiment swirling, there exists a few key hedge fund managers who were boosting their holdings meaningfully.
When looking at the hedgies we track, Tom Brown's Second Curve Capital had the most valuable position in Banner Corporation (NASDAQ:BANR), worth close to $22.5 million, accounting for 6.1% of its total 13F portfolio. Coming in second is Matthew Lindenbaum of Basswood Capital, with a $4.2 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Richard Driehaus's Driehaus Capital, D. E. Shaw's D E Shaw and Cliff Asness's AQR Capital Management.
Now, key hedge funds have been driving this bullishness. McKinley Capital Management, managed by Robert B. Gillam, initiated the most valuable position in Banner Corporation (NASDAQ:BANR). McKinley Capital Management had 1.3 million invested in the company at the end of the quarter. Steven Cohen's SAC Capital Advisors also made a $0.4 million investment in the stock during the quarter. The only other fund with a new position in the stock is Mike Vranos's Ellington.
Insider trading activity in Banner Corporation (NASDAQ:BANR)
Insider buying is most useful when the company we're looking at has experienced transactions within the past 180 days. Over the latest 180-day time period, Banner Corporation (NASDAQ:BANR) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let's also review hedge fund and insider activity in other stocks similar to Banner Corporation (NASDAQ:BANR...
With the results demonstrated by our research, everyday investors must always monitor hedge fund and insider trading sentiment, and Banner Corporation (NASDAQ:BANR) shareholders fit into this picture quite nicely.
Read more at http://www.insidermonkey.com/blog/is-banner-corporation-banr-going-to-burn-these-hedge-funds-kearny-financial-corp-krny-flushing-financial-corporation-ffic-111693/?singlepage=1#hHcpH2uLpD0iBUe3.99
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