American Century Companies Inc. Has $45.20 Million Holdings in Banner Corporation $BANR

Key Points

• American Century Companies Inc. reduced its stake in Banner Corporation by 4.0%, selling 29,536 shares and retaining ownership of 708,820 shares, representing approximately 2.05% of the company valued at $45.2 million.
• Several large institutional investors increased their positions in Banner during the first quarter, with notable growth from USA Financial Formulas (69.1% increase) and Sterling Capital Management LLC (816.9% increase).
• Banner Corporation recently declared a quarterly dividend of $0.48, which equates to an annual yield of 3.0% and a dividend payout ratio of 36.57%.

American Century Companies Inc. lowered its holdings in Banner Corporation (NASDAQ:BANR - Free Report) by 4.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 708,820 shares of the financial services provider's stock after selling 29,536 shares during the period. American Century Companies Inc. owned approximately 2.05% of Banner worth $45,201,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BANR. Wells Fargo & Company MN boosted its holdings in Banner by 31.7% in the 4th quarter. Wells Fargo & Company MN now owns 25,338 shares of the financial services provider's stock valued at $1,692,000 after purchasing an additional 6,097 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Banner by 33.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,041 shares of the financial services provider's stock valued at $804,000 after purchasing an additional 3,022 shares during the period. Bank of Montreal Can boosted its holdings 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 purchasing an additional 330 shares during the period. Invesco Ltd. boosted its holdings in Banner by 2.0% in the 4th quarter. Invesco Ltd. now owns 134,060 shares of the financial services provider's stock valued at $8,951,000 after purchasing an additional 2,637 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in Banner by 816.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 964 shares during the period. Institutional investors own 87.33% of the company's stock.

Analyst Ratings Changes

BANR has been the subject of a number of recent research reports. DA Davidson boosted their price objective on shares of Banner from $67.00 to $72.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Wall Street Zen downgraded shares of Banner from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Banner has an average rating of "Moderate Buy" and an average target price of $70.17.

Banner Price Performance

Banner stock traded up $0.39 during mid-day trading on Tuesday, reaching $67.43. The company had a trading volume of 157,880 shares, compared to its average volume of 206,918. The business has a fifty day simple moving average of $65.08 and a 200 day simple moving average of $63.89. The company has a market cap of $2.33 billion, a P/E ratio of 12.84 and a beta of 0.93. Banner Corporation has a fifty-two week low of $53.78 and a fifty-two week high of $78.05. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40.

Banner (NASDAQ:BANR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $162.98 million during the quarter, compared to the consensus estimate of $167.96 million. Banner had a net margin of 21.15% and a return on equity of 10.06%. On average, equities research analysts predict that Banner Corporation will post 5.23 earnings per share for the current year.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. Banner's dividend payout ratio is 36.57%.

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.