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Stieven Capital Advisors L.P. Sells 57,900 Shares of Banner Co. (NASDAQ:BANR)

Banner logo with Finance background

Stieven Capital Advisors L.P. trimmed its position in shares of Banner Co. (NASDAQ:BANR - Free Report) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,156 shares of the financial services provider's stock after selling 57,900 shares during the quarter. Banner accounts for approximately 1.9% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 24th largest position. Stieven Capital Advisors L.P. owned 0.46% of Banner worth $10,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Foundry Partners LLC boosted its stake in shares of Banner by 2.3% during the third quarter. Foundry Partners LLC now owns 6,194 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 137 shares during the period. Captrust Financial Advisors boosted its stake in shares of Banner by 3.0% during the third quarter. Captrust Financial Advisors now owns 5,443 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 160 shares during the period. CWM LLC boosted its stake in shares of Banner by 19.5% during the third quarter. CWM LLC now owns 2,275 shares of the financial services provider's stock valued at $136,000 after purchasing an additional 371 shares during the period. USA Financial Formulas purchased a new stake in shares of Banner during the fourth quarter valued at $32,000. Finally, Financial Life Planners purchased a new stake in shares of Banner during the fourth quarter valued at $32,000. 87.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BANR has been the subject of a number of recent analyst reports. Stephens reissued an "overweight" rating and set a $82.00 target price on shares of Banner in a research note on Thursday, January 23rd. DA Davidson boosted 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, Keefe, Bruyette & Woods boosted 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $74.20.

Read Our Latest Stock Analysis on Banner

Banner Stock Up 0.9 %

NASDAQ:BANR traded up $0.61 during mid-day trading on Wednesday, reaching $69.50. The company's stock had a trading volume of 222,137 shares, compared to its average volume of 214,623. Banner Co. has a 1 year low of $42.00 and a 1 year high of $78.05. The stock has a fifty day moving average of $68.85 and a 200-day moving average of $65.40. The firm has a market capitalization of $2.39 billion, a PE ratio of 14.24 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.

Banner (NASDAQ:BANR - Get Free Report) last released its quarterly earnings data 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 net margin of 20.28% and a return on equity of 10.03%. Equities research analysts forecast that Banner Co. will post 5.23 earnings per share for the current year.

Banner Announces Dividend

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 $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.76%. Banner's dividend payout ratio is presently 39.34%.

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.

Read More

Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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