6 hours Ago By ABMN Staff
Smartleaf Asset Management LLC raised its holdings in shares of Banner Co. ( NASDAQ:BANR – Free Report ) by 167.0% in the 4th quarter, HoldingsChannel reports.
The fund owned 705 shares of the financial services provider’s stock after buying an additional 441 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Banner were worth $47,000 as of its most recent SEC filing. Other hedge funds have also made changes to their positions in the company.
USA Financial Formulas purchased a new position in shares of Banner during the fourth quarter worth about $32,000. Financial Life Planners acquired a new position in Banner during the fourth quarter worth approximately $32,000. US Bancorp DE increased its position in Banner by 287.
1% during the third quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock worth $86,000 after buying an additional 1,065 shares during the period. KBC Group NV lifted 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 buying an additional 522 shares during the last quarter. Finally, D.
A. Davidson & CO. acquired a new stake in shares of Banner in the fourth quarter valued at approximately $202,000.
Hedge funds and other institutional investors own 87.33% of the company’s stock. Analyst Ratings Changes Several analysts recently commented on the stock.
Keefe, Bruyette & Woods upped their price target 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.
Stephens reaffirmed an “overweight” rating and issued a $82.00 target price on shares of Banner in a report on Thursday, January 23rd. Finally, DA Davidson increased their target price on shares of Banner from $73.
00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. One 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.
According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.20.
Banner Trading Down 1.2 % Shares of Banner stock opened at $62.19 on Wednesday.
The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 12.74 and a beta of 1.
07. Banner Co. has a 52-week low of $42.
00 and a 52-week high of $78.05. The company’s 50-day simple moving average is $68.
29 and its 200-day simple moving average is $66.63. The company has a quick ratio of 0.
85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.
Banner ( NASDAQ:BANR – Get Free Report ) last issued its 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%. As a group, equities research analysts anticipate that Banner Co.
will post 5.23 earnings per share for the current year. Banner Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 14th.
Investors of record on Tuesday, February 4th were issued a $0.48 dividend. This represents a $1.
92 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Tuesday, February 4th.
Banner’s dividend payout ratio is currently 39.34%. Banner 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. Featured Stories 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.
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