3,030 Shares in Banner Co. (NASDAQ:BANR) Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new stake in Banner Co. (NASDAQ:BANR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,030 shares of the financial services provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Banner by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,330,064 shares of the financial services provider’s stock worth $79,219,000 after purchasing an additional 43,398 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Banner by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock worth $49,073,000 after buying an additional 11,808 shares during the last quarter. Versor Investments LP purchased a new position in shares of Banner in the 3rd quarter valued at $439,000. JPMorgan Chase & Co. raised its stake in Banner by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider’s stock worth $24,413,000 after acquiring an additional 29,174 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Banner by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider’s stock valued at $106,334,000 after acquiring an additional 193,434 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on BANR. Keefe, Bruyette & Woods lifted their target price on Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson increased their price target 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. Finally, Stephens restated an “overweight” rating and issued a $82.00 price objective on shares of Banner in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.20.

Banner Stock Performance

Shares of BANR opened at $68.27 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 13.99 and a beta of 1.09. The company’s fifty day moving average is $68.58 and its two-hundred day moving average is $65.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.86. Banner Co. has a 1 year low of $42.00 and a 1 year high of $78.05.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share 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%. On average, sell-side analysts predict that Banner Co. will post 5.23 earnings per share for the current year.

Banner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.81%. The ex-dividend date was Tuesday, February 4th. Banner’s payout ratio is currently 39.34%.

About Banner

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.