1 week Ago By Defense World Staff
JPMorgan Chase & Co. decreased its holdings in shares of Banner Co. ( NASDAQ:BANR – Free Report ) by 3.
2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,909 shares of the financial services provider’s stock after selling 12,976 shares during the period. JPMorgan Chase & Co.
owned 1.15% of Banner worth $26,502,000 at the end of the most recent reporting period. Other large investors have also added to or reduced their stakes in the company.
Financial Life Planners bought a new position in shares of Banner during the 4th quarter worth approximately $32,000. USA Financial Formulas acquired a new position in shares of Banner during the 4th quarter valued at $32,000. Smartleaf Asset Management LLC grew its holdings in Banner by 167.
0% in the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 441 shares during the period. KBC Group NV increased its stake 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 purchasing an additional 522 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Banner by 21.
8% during the fourth quarter. US Bancorp DE now owns 1,749 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 87.
33% of the company’s stock. Analyst Ratings Changes BANR has been the subject of several research reports. DA Davidson raised their target price on Banner from $73.
00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Stephens restated an “overweight” rating and set a $82.
00 price objective on shares of Banner in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.
20. Banner Price Performance Shares of NASDAQ BANR opened at $57.20 on Wednesday.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.
86. The firm’s 50-day simple moving average is $65.75 and its 200 day simple moving average is $67.
16. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 11.
72 and a beta of 0.94. Banner Co.
has a fifty-two week low of $42.00 and a fifty-two week high of $78.05.
Banner ( NASDAQ:BANR – Get Free Report ) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) 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%. As a group, research analysts anticipate that Banner Co.
will post 5.23 earnings per share for the current fiscal year. Banner Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, February 14th.
Stockholders of record on Tuesday, February 4th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 4th.
This represents a $1.92 annualized dividend and a dividend yield of 3.36%.
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. Featured Articles Five stocks we like better than Banner Canada Bond Market Holiday: How to Invest and Trade Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Short Selling – The Pros and Cons Qualcomm Breaks Down But RSI Signals It’s Severely Oversold Want to Profit on the Downtrend? Downtrends, Explained. Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.
com's FREE daily email newsletter ..
