Sei Investments Co. Has $7.93 Million Stock Holdings in Banner Co. (NASDAQ:BANR)

Sei Investments Co. lowered its position in Banner Co. (NASDAQ:BANR - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,781 shares of the financial services provider's stock after selling 6,602 shares during the period. Sei Investments Co. owned 0.34% of Banner worth $7,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Financial Life Planners bought a new stake in shares of Banner during the 4th quarter worth $32,000. USA Financial Formulas acquired a new position in shares of Banner in the fourth quarter valued at $32,000. Smartleaf Asset Management LLC boosted its stake in Banner by 167.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock valued at $47,000 after buying an additional 441 shares in the last quarter. KBC Group NV grew its position in Banner by 46.0% in the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock valued at $111,000 after acquiring an additional 522 shares during the period. Finally, US Bancorp DE grew its position 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 worth $117,000 after buying an additional 313 shares during the period. Institutional investors own 87.33% of the company's stock.

Banner Stock Performance

NASDAQ BANR traded down $5.37 on Thursday, reaching $58.52. The stock had a trading volume of 322,451 shares, compared to its average volume of 207,212. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a fifty day moving average of $66.83 and a two-hundred day moving average of $67.18. Banner Co. has a 1-year low of $42.00 and a 1-year high of $78.05. The company has a market cap of $2.02 billion, a P/E ratio of 11.99 and a beta of 1.07.

Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly 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%. On average, equities research analysts anticipate that Banner Co. will post 5.23 EPS for the current year.

Banner Dividend Announcement

The company 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. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a yield of 3.28%. Banner's dividend payout ratio (DPR) is 39.34%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stephens reissued an "overweight" rating and issued a $82.00 target price on shares of Banner in a research note on Thursday, January 23rd. DA Davidson boosted their price objective on shares of Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price target 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 given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company 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.