Jackson Creek Investment Advisors LLC Takes $1.56 Million Position in Banner Co. (NASDAQ:BANR)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Banner Co. (NASDAQ:BANR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,418 shares of the financial services provider’s stock, valued at approximately $1,564,000. Jackson Creek Investment Advisors LLC owned approximately 0.07% of Banner as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BANR. Charles Schwab Investment Management Inc. lifted its holdings in 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 buying an additional 43,398 shares during the period. Geode Capital Management LLC raised its position in shares of Banner by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock worth $49,073,000 after acquiring an additional 11,808 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Banner during the 3rd quarter worth $439,000. JPMorgan Chase & Co. boosted its position in Banner by 7.7% during the third 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 in the last quarter. Finally, 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 valued at $106,334,000 after purchasing an additional 193,434 shares during the last quarter. 87.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on BANR shares. Keefe, Bruyette & Woods increased 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 shares of Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Stephens reaffirmed an “overweight” rating and issued a $82.00 price target on shares of Banner in a report on Thursday, January 23rd. One 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, the company presently has an average rating of “Hold” and a consensus target price of $74.20.

Banner Stock Down 1.3 %

NASDAQ:BANR opened at $64.00 on Friday. 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 Co. has a twelve month low of $42.00 and a twelve month high of $78.05. The company has a market cap of $2.21 billion, a PE ratio of 13.11 and a beta of 1.09. The company’s 50 day moving average is $68.51 and its two-hundred day moving average is $66.37.

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, beating 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%. Analysts anticipate that Banner Co. will post 5.23 EPS for the current year.

Banner Announces Dividend

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