Jackson Creek Investment Advisors LLC bought a new position in shares of Banner Co. (NASDAQ:BANR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,418 shares of the financial services provider's stock, valued at approximately $1,564,000. Jackson Creek Investment Advisors LLC owned 0.07% of Banner as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in 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 worth $106,334,000 after buying an additional 193,434 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Banner by 28.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider's stock worth $113,619,000 after acquiring an additional 373,037 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Banner by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,521 shares of the financial services provider's stock valued at $92,111,000 after purchasing an additional 49,457 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Banner by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider's stock valued at $49,073,000 after purchasing an additional 11,808 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Banner by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider's stock worth $24,413,000 after purchasing an additional 29,174 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company's stock.
Wall Street Analysts Forecast Growth
BANR has been the subject of a number of recent analyst reports. DA Davidson lifted their target price on Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Stephens reiterated an "overweight" rating and issued a $82.00 target price on shares of Banner in a research note 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 MarketBeat, Banner currently has a consensus rating of "Hold" and a consensus price target of $74.20.
Check Out Our Latest Stock Report on BANR
Banner Price Performance
Shares of NASDAQ:BANR traded down $0.76 during trading on Tuesday, reaching $62.19. The company had a trading volume of 357,351 shares, compared to its average volume of 223,973. Banner Co. has a 12 month low of $42.00 and a 12 month high of $78.05. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.14 billion, a P/E ratio of 12.74 and a beta of 1.07. The company has a fifty day moving average of $68.38 and a two-hundred day moving average of $66.60.
Banner (NASDAQ:BANR - Get Free Report) last released 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%. Equities research analysts forecast that Banner Co. will post 5.23 earnings per share for the current 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner's dividend payout ratio is currently 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.
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