US Bancorp DE Raises Stock Holdings in Banner Co. (NASDAQ:BANR)

US Bancorp DE increased its position in Banner Co. (NASDAQ:BANR) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,749 shares of the financial services provider’s stock after acquiring an additional 313 shares during the period. US Bancorp DE’s holdings in Banner were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BANR. USA Financial Formulas purchased a new position in Banner in the 4th quarter worth $32,000. Financial Life Planners purchased a new position in Banner in the 4th quarter worth $32,000. KBC Group NV raised its stake in 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 acquiring an additional 522 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Banner in the 4th quarter worth $202,000. Finally, Princeton Capital Management LLC purchased a new position in Banner in the 3rd quarter worth $255,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Banner Stock Performance

NASDAQ BANR opened at $64.01 on Monday. The stock has a 50-day simple moving average of $68.08 and a two-hundred day simple moving average of $66.70. The firm has a market capitalization of $2.21 billion, a P/E ratio of 13.12 and a beta of 1.07. Banner Co. has a fifty-two week low of $42.00 and a fifty-two week high of $78.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.86.

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

Banner Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.