Vanguard Group Inc. decreased its holdings in shares of Banner Co. (NASDAQ:BANR - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,016,954 shares of the financial services provider's stock after selling 19,273 shares during the period. Vanguard Group Inc. owned 11.66% of Banner worth $268,212,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. William Blair Investment Management LLC boosted its stake in Banner by 10,213.3% during the fourth quarter. William Blair Investment Management LLC now owns 634,579 shares of the financial services provider's stock worth $42,371,000 after acquiring an additional 628,426 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Banner by 28.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider's stock valued at $113,619,000 after purchasing an additional 373,037 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of 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 purchasing an additional 193,434 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Banner in the 4th quarter worth approximately $10,023,000. Finally, FMR LLC increased its position in Banner by 395.4% during the 3rd quarter. FMR LLC now owns 166,120 shares of the financial services provider's stock valued at $9,894,000 after buying an additional 132,586 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on BANR. 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 increased 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $74.20.
Check Out Our Latest Stock Analysis on Banner
Banner Stock Performance
NASDAQ:BANR traded up $2.91 during mid-day trading on Wednesday, reaching $60.11. The company's stock had a trading volume of 346,983 shares, compared to its average volume of 210,669. 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 cap of $2.07 billion, a P/E ratio of 12.32 and a beta of 0.94. The firm's fifty day moving average price is $65.32 and its two-hundred day moving average price is $67.10. Banner Co. has a 12-month low of $42.00 and a 12-month 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 earnings per share 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%. On average, equities analysts forecast that Banner Co. will post 5.23 EPS for the current fiscal year.
Banner Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, February 4th. Banner's payout ratio is 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.
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 hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
