Banner Co. (NASDAQ:BANR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Banner Co. (NASDAQ:BANR) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,021 shares of the financial services provider’s stock after selling 339 shares during the period. Yousif Capital Management LLC’s holdings in Banner were worth $869,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Banner during the fourth quarter valued at $32,000. Financial Life Planners acquired a new stake in Banner during the 4th quarter worth about $32,000. US Bancorp DE lifted its stake in Banner by 287.1% during the third quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,065 shares in the last quarter. KBC Group NV boosted its holdings in shares of Banner by 46.0% in the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider’s stock worth $111,000 after buying an additional 522 shares during the period. Finally, CWM LLC increased its position in shares of Banner by 19.5% in the third quarter. CWM LLC now owns 2,275 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on BANR shares. 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. DA Davidson increased their target price on Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Stephens reiterated an “overweight” rating and set a $82.00 price target on shares of Banner in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.20.

Banner Stock Up 0.2 %

BANR stock opened at $68.66 on Friday. The company has a 50 day moving average of $69.03 and a two-hundred day moving average of $65.18. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 14.07 and a beta of 1.09. Banner Co. has a 12-month low of $42.00 and a 12-month high of $78.05. 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) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, equities analysts anticipate that Banner Co. will post 5.22 earnings per share for the current fiscal year.

Banner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.48 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.80%. Banner’s payout ratio is 39.34%.

Banner 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.