4,100 Shares in Banner Co. (NASDAQ:BANR) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Banner Co. (NASDAQ:BANR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,100 shares of the financial services provider’s stock, valued at approximately $274,000.

Several other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $79,219,000 after buying an additional 43,398 shares in the last quarter. Geode Capital Management LLC grew its stake in Banner by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock valued at $49,073,000 after acquiring an additional 11,808 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Banner by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,885 shares of the financial services provider’s stock valued at $24,413,000 after purchasing an additional 29,174 shares during the period. Wellington Management Group LLP lifted its position in shares of 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. Finally, KBC Group NV boosted its holdings in shares of Banner by 46.0% during the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 522 shares during the period. 87.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BANR has been the topic of several research reports. DA Davidson upped their price objective on shares of Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Stephens reiterated an “overweight” rating and set a $82.00 price objective on shares of Banner in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One equities 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. Based on data from MarketBeat.com, Banner currently has an average rating of “Hold” and a consensus price target of $74.20.

Banner Stock Down 0.8 %

Banner stock opened at $63.77 on Monday. The company has a market capitalization of $2.20 billion, a P/E ratio of 13.07 and a beta of 1.07. Banner Co. has a 1-year low of $42.00 and a 1-year high of $78.05. The firm’s fifty day simple moving average is $67.89 and its 200-day simple moving average is $66.89. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Banner Co. will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a yield of 3.01%. Banner’s payout ratio is currently 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.