Geode Capital Management LLC Has $54.78 Million Stock Holdings in Banner Co. (NASDAQ:BANR)

Geode Capital Management LLC lowered its position in Banner Co. (NASDAQ:BANR) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 820,174 shares of the financial services provider’s stock after selling 3,589 shares during the quarter. Geode Capital Management LLC’s holdings in Banner were worth $54,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in Banner by 3.0% during the 3rd quarter. Captrust Financial Advisors now owns 5,443 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 160 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Banner by 21.8% during the fourth quarter. US Bancorp DE now owns 1,749 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 313 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Banner by 167.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 441 shares during the period. USA Financial Formulas bought a new stake in shares of Banner in the fourth quarter worth $32,000. Finally, Financial Life Planners acquired a new stake in Banner in the fourth quarter valued at $32,000. Institutional investors own 87.33% of the company’s stock.

Banner Stock Down 0.5 %

Shares of NASDAQ:BANR opened at $56.51 on Monday. Banner Co. has a 1 year low of $42.00 and a 1 year high of $78.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85. The business’s 50-day moving average is $64.78 and its 200-day moving average is $67.12. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.58 and a beta of 0.94.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.03%. Equities research analysts predict that Banner Co. will post 5.23 earnings per share for the current year.

Banner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 annualized dividend and a dividend yield of 3.40%. Banner’s dividend payout ratio is currently 39.34%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stephens reiterated an “overweight” rating and issued a $82.00 price target on shares of Banner in a research report on Thursday, January 23rd. 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. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $74.20.

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.