US Bancorp DE Purchases 313 Shares of Banner Co. (NASDAQ:BANR)

US Bancorp DE increased its position in Banner Co. (NASDAQ:BANR) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,749 shares of the financial services provider’s stock after purchasing an additional 313 shares during the quarter. US Bancorp DE’s holdings in Banner were worth $117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BANR. Wellington Management Group LLP grew its stake 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 worth $106,334,000 after purchasing an additional 193,434 shares in the last quarter. FMR LLC grew 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. Fisher Asset Management LLC grew 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. Eagle Asset Management Inc. bought a new position in Banner in the third quarter worth approximately $6,477,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Banner by 3.4% in 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. Institutional investors own 87.33% of the company’s stock.

Banner Stock Up 2.9 %

Shares of NASDAQ BANR opened at $64.01 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.21 billion, a PE ratio of 13.12 and a beta of 1.07. The stock’s fifty day simple moving average is $68.08 and its two-hundred day simple moving average is $66.70. Banner Co. has a 12-month low of $42.00 and a 12-month high of $78.05.

Banner (NASDAQ:BANR) last posted 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%. As a group, analysts expect that Banner Co. will post 5.23 EPS for the current fiscal year.

Banner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.00%. Banner’s payout ratio is 39.34%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BANR. DA Davidson increased their price objective on Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $82.00 target price on shares of Banner in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.20.

Banner Company Profile

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.