Empowered Funds LLC grew its position in shares of Banner Co. (NASDAQ:BANR - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 97,411 shares of the financial services provider's stock after acquiring an additional 4,716 shares during the quarter. Empowered Funds LLC owned about 0.28% of Banner worth $6,504,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Banner by 3.4% during the 3rd 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 last quarter. Geode Capital Management LLC boosted its position in shares of Banner by 1.5% during the 3rd 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 last quarter. Versor Investments LP bought a new position in shares of Banner during the 3rd quarter valued at approximately $439,000. JPMorgan Chase & Co. boosted its position in shares of Banner by 7.7% during the 3rd 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 last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Banner by 12.2% during the 3rd 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 last quarter. 87.33% of the stock is currently owned by institutional investors.
Banner Trading Up 0.2 %
BANR stock traded up $0.13 during midday trading on Friday, reaching $68.66. The company's stock had a trading volume of 157,535 shares, compared to its average volume of 216,215. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a fifty day simple moving average of $69.17 and a two-hundred day simple moving average of $65.08. Banner Co. has a 1 year low of $42.00 and a 1 year high of $78.05. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.07 and a beta of 1.09.
Banner (NASDAQ:BANR - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, equities research analysts predict that Banner Co. will post 5.22 EPS for the current year.
Banner Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. Banner's payout ratio is 39.34%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Piper Sandler set a $67.00 target price on Banner in a research report on Thursday, October 17th. DA Davidson raised their price target on Banner from $73.00 to $76.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Stephens restated an "overweight" rating and issued a $82.00 price target on shares of Banner in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price target on Banner from $69.00 to $81.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. One 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, Banner has an average rating of "Hold" and an average target price of $74.20.
Read Our Latest Research Report on Banner
Banner Company Profile
(
Free Report)
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.
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