F M Investments LLC Has $4.02 Million Position in Banner Co. (NASDAQ:BANR)

F M Investments LLC boosted its position in Banner Co. (NASDAQ:BANR - Free Report) by 912.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,246 shares of the financial services provider's stock after buying an additional 54,298 shares during the quarter. F M Investments LLC owned approximately 0.17% of Banner worth $4,023,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Financial Life Planners acquired a new position in shares of Banner during the 4th quarter worth about $32,000. USA Financial Formulas acquired a new stake in shares of Banner in the fourth quarter valued at approximately $32,000. Smartleaf Asset Management LLC boosted its stake in shares of Banner by 167.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock worth $47,000 after acquiring an additional 441 shares during the period. KBC Group NV increased its holdings in shares of Banner by 46.0% during the 4th quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock worth $111,000 after acquiring an additional 522 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in 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 purchasing an additional 313 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company's stock.

Banner Price Performance

Shares of Banner stock traded up $0.21 on Wednesday, reaching $60.07. 49,944 shares of the stock were exchanged, compared to its average volume of 210,678. The firm's 50 day moving average is $64.28 and its 200-day moving average is $67.07. The firm has a market cap of $2.07 billion, a PE ratio of 12.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.86. Banner Co. has a one year low of $42.00 and a one year high of $78.05.

Banner (NASDAQ:BANR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 EPS 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%. As a group, analysts anticipate that Banner Co. will post 5.23 EPS for the current fiscal year.

Banner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.20%. The ex-dividend date was Tuesday, February 4th. Banner's payout ratio is 39.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. DA Davidson raised 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. Stephens reissued an "overweight" rating and set a $82.00 target price on shares of Banner in a report on Thursday, January 23rd. 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 company. According to data from MarketBeat, Banner presently has a consensus rating of "Hold" and an average price target of $74.20.

About Banner

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.