Connor Clark & Lunn Investment Management Ltd. Makes New $274,000 Investment in Banner Co. (NASDAQ:BANR)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Banner Co. (NASDAQ:BANR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,100 shares of the financial services provider's stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BANR. USA Financial Formulas bought a new position in shares of Banner during the fourth quarter worth $32,000. Financial Life Planners purchased a new stake in Banner in the 4th quarter worth $32,000. Smartleaf Asset Management LLC boosted its holdings in shares of Banner by 167.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. KBC Group NV grew its position in shares of Banner by 46.0% during the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock valued at $111,000 after purchasing an additional 522 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Banner by 21.8% in the fourth quarter. US Bancorp DE now owns 1,749 shares of the financial services provider's stock worth $117,000 after purchasing an additional 313 shares during the last quarter. Institutional investors own 87.33% of the company's stock.

Banner Trading Down 0.3 %

Shares of NASDAQ BANR traded down $0.21 during trading hours on Thursday, hitting $64.44. 146,708 shares of the company traded hands, compared to its average volume of 198,651. Banner Co. has a 12 month low of $42.00 and a 12 month high of $78.05. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 13.20 and a beta of 1.07. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company's 50 day moving average price is $67.70 and its 200 day moving average price is $66.99.

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Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.03%. On average, equities research analysts anticipate that Banner Co. will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner's payout ratio is currently 39.34%.

Analyst Ratings Changes

A number of equities analysts recently commented on BANR shares. DA Davidson increased their price target on Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on Banner from $69.00 to $81.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Stephens restated an "overweight" rating and issued a $82.00 price target on shares of Banner in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.20.

Banner Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.