Charles Schwab Investment Management Inc. lifted its holdings in Banner Co. (NASDAQ:BANR - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,379,521 shares of the financial services provider's stock after purchasing an additional 49,457 shares during the period. Charles Schwab Investment Management Inc. owned about 4.00% of Banner worth $92,111,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in BANR. Smartleaf Asset Management LLC grew its holdings in Banner by 167.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 441 shares during the period. US Bancorp DE lifted its stake in shares of Banner by 21.8% during the 4th quarter. US Bancorp DE now owns 1,749 shares of the financial services provider's stock valued at $117,000 after buying an additional 313 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Banner by 40.5% during the 4th quarter. Fisher Asset Management LLC now owns 398,166 shares of the financial services provider's stock valued at $26,586,000 after buying an additional 114,731 shares in the last quarter. D.A. Davidson & CO. bought a new position in Banner in the 4th quarter worth $202,000. Finally, Principal Financial Group Inc. increased its stake in Banner by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 167,089 shares of the financial services provider's stock worth $11,157,000 after buying an additional 4,661 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company's stock.
Banner Price Performance
Shares of NASDAQ:BANR traded down $0.65 during mid-day trading on Thursday, reaching $62.17. The stock had a trading volume of 138,955 shares, compared to its average volume of 222,134. The company has a market cap of $2.14 billion, a P/E ratio of 12.74 and a beta of 1.07. The business's 50 day moving average price is $68.21 and its 200 day moving average price is $66.60. 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 1 year low of $42.00 and a 1 year high of $78.05.
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, 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%. Research analysts expect that Banner Co. will post 5.23 EPS for the current fiscal year.
Banner Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 3.09%. Banner's dividend payout ratio (DPR) is presently 39.34%.
Analyst Upgrades and Downgrades
BANR has been the topic of several research analyst reports. DA Davidson boosted their price objective on Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Stephens reissued an "overweight" rating and issued a $82.00 price target on shares of Banner in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Banner from $69.00 to $81.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Banner has a consensus rating of "Hold" and an average price target of $74.20.
View Our Latest Stock Analysis on BANR
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.
See Also
Before you consider Banner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banner wasn't on the list.
While Banner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
