Mutual of America Capital Management LLC reduced its position in Banner Co. (NASDAQ:BANR - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,747 shares of the financial services provider's stock after selling 21,338 shares during the quarter. Mutual of America Capital Management LLC owned 0.37% of Banner worth $8,463,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of BANR. Victory Capital Management Inc. boosted its stake in Banner by 79.5% in the third quarter. Victory Capital Management Inc. now owns 1,328,616 shares of the financial services provider's stock worth $79,132,000 after buying an additional 588,591 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Banner by 12.2% in 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 purchasing an additional 193,434 shares in the last quarter. FMR LLC grew its holdings in shares of Banner by 395.4% during the 3rd quarter. FMR LLC now owns 166,120 shares of the financial services provider's stock valued at $9,894,000 after purchasing an additional 132,586 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in Banner in the 3rd quarter worth $6,477,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 worth $79,219,000 after purchasing an additional 43,398 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. DA Davidson raised their price objective on Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Stephens reiterated an "overweight" rating and issued a $82.00 price objective on shares of Banner in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Banner from $69.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $74.20.
View Our Latest Report on Banner
Banner Trading Down 1.8 %
NASDAQ BANR traded down $1.20 on Thursday, hitting $63.63. The company's stock had a trading volume of 83,482 shares, compared to its average volume of 214,320. 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 Co. has a 52-week low of $42.00 and a 52-week high of $78.05. The firm has a market cap of $2.19 billion, a P/E ratio of 13.04 and a beta of 1.09. The company's 50-day simple moving average is $68.60 and its 200 day simple moving average is $66.38.
Banner (NASDAQ:BANR - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, topping 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%. Research analysts predict that Banner Co. will post 5.23 EPS for the current fiscal year.
Banner Dividend Announcement
The company 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. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.02%. Banner's dividend payout ratio (DPR) is 39.34%.
Banner 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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