Banner Co. (NASDAQ:BANR) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its position in Banner Co. (NASDAQ:BANR) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,411 shares of the financial services provider’s stock after purchasing an additional 4,716 shares during the period. Empowered Funds LLC owned approximately 0.28% of Banner worth $6,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in Banner during the fourth quarter valued at about $32,000. Financial Life Planners bought a new position in shares of Banner during the 4th quarter valued at about $32,000. US Bancorp DE grew its stake in shares of Banner by 287.1% in the 3rd quarter. US Bancorp DE now owns 1,436 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,065 shares during the last quarter. KBC Group NV raised its holdings in shares of Banner by 46.0% in the 4th 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 in the last quarter. Finally, CWM LLC lifted its stake in Banner by 19.5% during the third quarter. CWM LLC now owns 2,275 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 371 shares during the last quarter. 87.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BANR. Piper Sandler set a $67.00 price target on Banner in a report on Thursday, October 17th. DA Davidson boosted their target price on Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased their price target 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 restated an “overweight” rating and set a $82.00 price objective 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Banner currently has an average rating of “Hold” and a consensus target price of $74.20.

Banner Stock Down 1.2 %

NASDAQ:BANR opened at $69.00 on Tuesday. Banner Co. has a 1-year low of $42.00 and a 1-year high of $78.05. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 14.14 and a beta of 1.09. 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 business’s fifty day moving average price is $69.57 and its 200 day moving average price is $64.91.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.03%. On average, sell-side analysts forecast that Banner Co. will post 5.22 earnings per share for the current fiscal year.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, February 4th. Banner’s dividend payout ratio (DPR) is presently 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.