Stifel Financial Corp Has $4.30 Million Stake in Banner Co. (NASDAQ:BANR)

Stifel Financial Corp raised its position in shares of Banner Co. (NASDAQ:BANR - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,450 shares of the financial services provider's stock after purchasing an additional 4,489 shares during the period. Stifel Financial Corp owned approximately 0.19% of Banner worth $4,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Summit Investment Advisors Inc. grew its holdings in shares of Banner by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,591 shares of the financial services provider's stock worth $240,000 after purchasing an additional 187 shares during the last quarter. US Bancorp DE boosted its position in Banner by 21.8% during the 4th quarter. US Bancorp DE now owns 1,749 shares of the financial services provider's stock worth $117,000 after buying an additional 313 shares during the period. Bank of Montreal Can increased its position in Banner by 9.5% in the 4th quarter. Bank of Montreal Can now owns 3,792 shares of the financial services provider's stock valued at $253,000 after acquiring an additional 330 shares during the period. Smartleaf Asset Management LLC raised its stake 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 valued at $47,000 after acquiring an additional 441 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Banner during the fourth quarter worth $32,000. Institutional investors own 87.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BANR. DA Davidson raised 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. Raymond James reaffirmed an "outperform" rating and issued a $65.00 price objective (down from $77.00) on shares of Banner in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price on shares of Banner from $75.00 to $73.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. StockNews.com upgraded shares of Banner from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Stephens reissued an "overweight" rating and set a $73.00 target price on shares of Banner in a research note on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Banner currently has an average rating of "Moderate Buy" and an average price target of $70.83.

Banner Stock Up 1.2 %

BANR traded up $0.76 during midday trading on Wednesday, hitting $62.37. The company had a trading volume of 24,739 shares, compared to its average volume of 213,543. The stock's 50 day moving average price is $62.14 and its 200 day moving average price is $67.03. Banner Co. has a 52 week low of $44.59 and a 52 week high of $78.05. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 12.81 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.32.

Banner (NASDAQ:BANR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.06. Banner had a return on equity of 10.03% and a net margin of 20.28%. The business had revenue of $159.88 million for the quarter, compared to the consensus estimate of $159.72 million. During the same period in the prior year, the business earned $1.22 EPS. On average, research analysts anticipate that Banner Co. will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Tuesday, April 29th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, April 29th. Banner's payout ratio is currently 37.72%.

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.