William Blair Investment Management LLC increased its position in Banner Co. (NASDAQ:BANR - Free Report) by 10,213.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 634,579 shares of the financial services provider's stock after acquiring an additional 628,426 shares during the period. William Blair Investment Management LLC owned approximately 1.84% of Banner worth $42,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in shares of Banner in the fourth quarter worth about $32,000. Financial Life Planners purchased a new position in Banner during the 4th quarter worth approximately $32,000. Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 441 shares during the period. KBC Group NV raised its holdings in Banner by 46.0% in the 4th quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock worth $111,000 after purchasing an additional 522 shares during the period. Finally, US Bancorp DE boosted its holdings in Banner by 21.8% in the 4th quarter. US Bancorp DE now owns 1,749 shares of the financial services provider's stock worth $117,000 after buying an additional 313 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company's stock.
Banner Trading Down 0.8 %
BANR traded down $0.49 on Friday, hitting $63.77. The company had a trading volume of 777,415 shares, compared to its average volume of 198,787. Banner Co. has a 1 year low of $42.00 and a 1 year high of $78.05. The firm has a market cap of $2.20 billion, a P/E ratio of 13.07 and a beta of 1.07. The company's fifty day moving average price is $67.91 and its 200 day moving average price is $66.75. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32.
Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that Banner Co. will post 5.23 earnings per share for the current year.
Banner Dividend Announcement
The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 annualized dividend and a yield of 3.01%. Banner's dividend payout ratio (DPR) is 39.34%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on BANR shares. Stephens restated an "overweight" rating and issued a $82.00 target price on shares of Banner in a research report on Thursday, January 23rd. DA Davidson lifted their target price on shares of Banner from $73.00 to $76.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Finally, 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 report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Banner currently has a consensus rating of "Hold" and an average price target of $74.20.
Read Our Latest Report on Banner
About Banner
(
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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