Amundi Grows Stock Holdings in Banner Co. (NASDAQ:BANR)

Amundi grew its holdings in Banner Co. (NASDAQ:BANR) by 168.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,925 shares of the financial services provider’s stock after acquiring an additional 11,243 shares during the period. Amundi owned about 0.05% of Banner worth $1,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in Banner by 28.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider’s stock valued at $113,619,000 after purchasing an additional 373,037 shares in the last quarter. Wellington Management Group LLP boosted 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 buying an additional 193,434 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Banner in the fourth quarter valued at about $10,023,000. FMR LLC raised its holdings in shares of Banner by 395.4% during the 3rd quarter. FMR LLC now owns 166,120 shares of the financial services provider’s stock valued at $9,894,000 after buying an additional 132,586 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Banner by 40.5% during the 4th quarter. Fisher Asset Management LLC now owns 398,166 shares of the financial services provider’s stock worth $26,586,000 after acquiring an additional 114,731 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Stock Up 0.3 %

Shares of NASDAQ:BANR opened at $64.90 on Wednesday. The firm has a market cap of $2.24 billion, a PE ratio of 13.30 and a beta of 1.07. The company has a fifty day simple moving average of $68.00 and a 200 day simple moving average of $66.78. 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 12-month low of $42.00 and a 12-month high of $78.05.

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

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Tuesday, February 4th. Banner’s dividend payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

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