1 week Ago By Defense World Staff
Norges Bank purchased a new position in shares of Banner Co. (NASDAQ:BANR – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 90,980 shares of the financial services provider’s stock, valued at approximately $6,075,000.
Norges Bank owned approximately 0.26% of Banner at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently bought and sold shares of BANR.
William Blair Investment Management LLC increased its holdings in shares of 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 buying an additional 628,426 shares in the last quarter.
Victory Capital Management Inc. increased its holdings in Banner by 28.1% during the 4th 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 in the last quarter. Raymond James Financial Inc.
bought a new position in Banner in the 4th quarter valued at $10,023,000. FMR LLC boosted its stake in Banner by 395.4% in the third quarter.
FMR LLC now owns 166,120 shares of the financial services provider’s stock worth $9,894,000 after purchasing an additional 132,586 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Banner by 40.5% in the fourth quarter.
Fisher Asset Management LLC now owns 398,166 shares of the financial services provider’s stock worth $26,586,000 after purchasing an additional 114,731 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.
Banner Stock Up 5.1 %NASDAQ:BANR opened at $60.11 on Thursday.
Banner Co. has a twelve month low of $42.00 and a twelve month high of $78.
05. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 12.
32 and a beta of 0.94. The company has a quick ratio of 0.
85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.
The stock’s 50 day moving average price is $65.32 and its two-hundred day moving average price is $67.10.
Banner (NASDAQ:BANR – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 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%. Equities research analysts expect that Banner Co.
will post 5.23 earnings per share for the current fiscal year. Banner Announces DividendThe company also recently announced a quarterly dividend, which was paid on Friday, February 14th.
Stockholders of record on Tuesday, February 4th were issued a dividend of $0.48 per share. This represents a $1.
92 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, February 4th.
Banner’s dividend payout ratio is currently 39.34%. Wall Street Analysts Forecast GrowthA number of equities analysts have weighed in on BANR shares.
Stephens reaffirmed 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 stock a “neutral” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.20.Get Our Latest Stock Report on BANRBanner Company Profile (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 AlsoFive stocks we like better than Banner3 Stocks to Consider Buying in OctoberQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreREIT Stocks – Best REIT Stocks to Add to Your Portfolio TodayAre Tariffs Threatening Disney’s Comeback Story?Overbought Stocks Explained: Should You Trade Them?Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding BANR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Banner Co. (NASDAQ:BANR – Free Report)..
