Banner Co. (NASDAQ:BANR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Banner Co. (NASDAQ:BANR - Free Report) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,701,653 shares of the financial services provider's stock after buying an additional 373,037 shares during the period. Victory Capital Management Inc. owned approximately 4.94% of Banner worth $113,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BANR. Wellington Management Group LLP grew its position 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 valued at $106,334,000 after buying an additional 193,434 shares during the last quarter. FMR LLC lifted its stake in shares of Banner by 395.4% in the 3rd quarter. FMR LLC now owns 166,120 shares of the financial services provider's stock worth $9,894,000 after acquiring an additional 132,586 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Banner by 40.5% in the 4th quarter. Fisher Asset Management LLC now owns 398,166 shares of the financial services provider's stock worth $26,586,000 after acquiring an additional 114,731 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Banner in the third quarter valued at about $6,477,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Banner by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,521 shares of the financial services provider's stock worth $92,111,000 after acquiring an additional 49,457 shares during the period. Hedge funds and other institutional investors own 87.33% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BANR. Keefe, Bruyette & Woods raised their price objective on shares of Banner from $69.00 to $81.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson raised their price target on Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Finally, Stephens reaffirmed an "overweight" rating and set a $82.00 price objective on shares of Banner in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $74.20.

Banner Price Performance

Shares of NASDAQ:BANR traded down $0.08 during trading on Friday, hitting $63.92. 242,982 shares of the stock were exchanged, compared to its average volume of 219,059. The company has a market cap of $2.20 billion, a PE ratio of 13.10 and a beta of 1.07. 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 company has a fifty day moving average price of $68.45 and a two-hundred day moving average price of $66.48. 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 the consensus estimate of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, analysts forecast that Banner Co. will post 5.23 EPS for the current year.

Banner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 annualized dividend and a yield of 3.00%. Banner's dividend payout ratio (DPR) is currently 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.