Amundi Acquires 11,243 Shares of Banner Co. (NASDAQ:BANR)

Amundi boosted its holdings in shares of Banner Co. (NASDAQ:BANR - Free Report) by 168.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,925 shares of the financial services provider's stock after purchasing an additional 11,243 shares during the quarter. Amundi owned about 0.05% of Banner worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BANR. Charles Schwab Investment Management Inc. raised its stake in shares of Banner by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,330,064 shares of the financial services provider's stock valued at $79,219,000 after acquiring an additional 43,398 shares during the period. Geode Capital Management LLC raised its stake in shares of Banner by 1.5% in the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider's stock valued at $49,073,000 after acquiring an additional 11,808 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Banner by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider's stock valued at $24,413,000 after acquiring an additional 29,174 shares during the period. Wellington Management Group LLP raised its stake in shares of Banner by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider's stock valued at $106,334,000 after acquiring an additional 193,434 shares during the period. Finally, KBC Group NV raised its stake in shares of Banner by 46.0% in the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock valued at $111,000 after acquiring an additional 522 shares during the period. Hedge funds and other institutional investors own 87.33% of the company's stock.

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Banner Trading Down 0.8 %

Shares of NASDAQ BANR traded down $0.49 during mid-day trading on Friday, reaching $63.77. The company had a trading volume of 777,415 shares, compared to its average volume of 198,570. The business's 50-day moving average is $67.89 and its 200-day moving average is $66.78. 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 stock has a market cap of $2.20 billion, a price-to-earnings ratio of 13.07 and a beta of 1.07. Banner Co. has a 52 week low of $42.00 and a 52 week high of $78.05.

Banner (NASDAQ:BANR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.03%. Equities analysts expect that Banner Co. will post 5.23 earnings per share for the current year.

Banner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner's payout ratio is 39.34%.

Analyst Upgrades and Downgrades

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

Banner Company 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.