Eagle Boston Investment Management Inc. grew its stake in shares of Banner Co. (NASDAQ:BANR) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,053 shares of the financial services provider’s stock after acquiring an additional 7,907 shares during the period. Eagle Boston Investment Management Inc. owned 0.40% of Banner worth $7,278,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its holdings in shares of Banner by 46.0% during the second quarter. UBS Asset Management Americas Inc. now owns 27,328 shares of the financial services provider’s stock worth $1,544,000 after purchasing an additional 8,612 shares during the period. GSA Capital Partners LLP bought a new position in shares of Banner during the second quarter worth approximately $266,000. Northern Trust Corp increased its holdings in shares of Banner by 10.3% during the second quarter. Northern Trust Corp now owns 465,825 shares of the financial services provider’s stock worth $26,323,000 after purchasing an additional 43,353 shares during the period. Vanguard Group Inc. increased its holdings in shares of Banner by 1.0% during the second quarter. Vanguard Group Inc. now owns 2,760,603 shares of the financial services provider’s stock worth $156,002,000 after purchasing an additional 27,376 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Banner by 5.5% during the second quarter. California Public Employees Retirement System now owns 53,900 shares of the financial services provider’s stock worth $3,046,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.
Several research analysts have recently commented on BANR shares. Sandler O’Neill reaffirmed a “buy” rating on shares of Banner in a report on Friday, January 26th. Zacks Investment Research raised shares of Banner from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $58.00 target price on shares of Banner in a report on Friday, January 26th. BidaskClub cut shares of Banner from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, ValuEngine cut shares of Banner from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Banner currently has an average rating of “Hold” and an average price target of $60.25.
Banner Co. (BANR) opened at $54.10 on Friday. The stock has a market cap of $1,771.48, a P/E ratio of 18.16, a P/E/G ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.95. Banner Co. has a one year low of $51.61 and a one year high of $62.75.
Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The firm had revenue of $128.15 million during the quarter, compared to the consensus estimate of $126.56 million. Banner had a net margin of 12.02% and a return on equity of 7.55%. equities analysts anticipate that Banner Co. will post 3.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Tuesday, January 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. Banner’s dividend payout ratio (DPR) is 54.35%.
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Banner Company Profile
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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