Fisher Asset Management LLC Increases Position in Banner Co. (NASDAQ:BANR)

Fisher Asset Management LLC boosted its holdings in shares of Banner Co. (NASDAQ:BANR - Free Report) by 40.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,166 shares of the financial services provider's stock after acquiring an additional 114,731 shares during the quarter. Fisher Asset Management LLC owned 1.16% of Banner worth $26,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BANR. Wellington Management Group LLP boosted its holdings in Banner by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider's stock valued at $106,334,000 after acquiring an additional 193,434 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Banner by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,330,064 shares of the financial services provider's stock valued at $79,219,000 after purchasing an additional 43,398 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Banner by 79.5% during 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 during the period. Geode Capital Management LLC raised its stake in Banner by 1.5% during the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider's stock worth $49,073,000 after buying an additional 11,808 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Banner by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider's stock valued at $24,413,000 after buying an additional 29,174 shares during the period. 87.33% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

BANR has been the subject of several research analyst reports. Stephens reissued an "overweight" rating and issued a $82.00 price objective on shares of Banner in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Banner from $69.00 to $81.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, DA Davidson increased their price target on Banner from $73.00 to $76.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $74.20.

Banner Stock Down 0.1 %

BANR stock traded down $0.08 during trading on Friday, reaching $63.92. 242,982 shares of the stock were exchanged, compared to its average volume of 218,660. 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 twelve month low of $42.00 and a twelve month high of $78.05. The firm's 50 day moving average is $68.51 and its 200 day moving average is $66.37. The firm has a market cap of $2.20 billion, a P/E ratio of 13.10 and a beta of 1.09.

Banner (NASDAQ:BANR - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (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, research analysts forecast that Banner Co. will post 5.23 EPS for the current year.

Banner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 annualized dividend and a yield of 3.00%. Banner's payout ratio is 39.34%.

Banner Company Profile

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.