Deutsche Bank AG Boosts Stake in Banner Co. (NASDAQ:BANR)

Deutsche Bank AG increased its holdings in shares of Banner Co. (NASDAQ:BANR - Free Report) by 241.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,504 shares of the financial services provider's stock after purchasing an additional 83,140 shares during the period. Deutsche Bank AG owned approximately 0.34% of Banner worth $7,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Bridgeway Capital Management LLC raised its holdings in shares of Banner by 2.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 237,238 shares of the financial services provider's stock worth $15,840,000 after purchasing an additional 4,716 shares during the last quarter. Comerica Bank raised its holdings in shares of Banner by 4.3% during the fourth quarter. Comerica Bank now owns 14,060 shares of the financial services provider's stock worth $939,000 after purchasing an additional 586 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Banner by 29.8% during the fourth quarter. Lido Advisors LLC now owns 5,381 shares of the financial services provider's stock worth $359,000 after purchasing an additional 1,236 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Banner by 16.9% during the fourth quarter. Northern Trust Corp now owns 487,951 shares of the financial services provider's stock worth $32,580,000 after purchasing an additional 70,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Banner by 9.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,462 shares of the financial services provider's stock worth $1,701,000 after purchasing an additional 2,226 shares during the last quarter. Hedge funds and other institutional investors own 87.33% of the company's stock.

Banner Price Performance

BANR traded down $0.29 during midday trading on Friday, hitting $61.83. 185,443 shares of the company traded hands, compared to its average volume of 216,534. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 12.67 and a beta of 0.90. Banner Co. has a 52-week low of $44.59 and a 52-week high of $78.05. The business has a 50 day simple moving average of $61.93 and a two-hundred day simple moving average of $66.93.

Banner (NASDAQ:BANR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.06. The business had revenue of $159.88 million for the quarter, compared to the consensus estimate of $159.72 million. Banner had a net margin of 20.28% and a return on equity of 10.03%. During the same period last year, the firm posted $1.22 earnings per share. On average, equities analysts forecast 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 was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, April 29th. Banner's dividend payout ratio is currently 37.72%.

Analyst Upgrades and Downgrades

Several analysts recently commented on BANR shares. Raymond James restated an "outperform" rating and set a $65.00 price target (down previously from $77.00) on shares of Banner in a research report on Monday, April 21st. DA Davidson raised their price target 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. Wall Street Zen lowered shares of Banner from a "hold" rating to a "sell" rating in a research report on Wednesday. Stephens restated an "overweight" rating and set a $73.00 price target on shares of Banner in a research report on Monday, April 21st. Finally, Janney Montgomery Scott upgraded shares of Banner from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $70.83.

Banner Company 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.