Jane Street Group LLC trimmed its stake in Banner Co. (NASDAQ:BANR - Free Report) by 80.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,002 shares of the financial services provider's stock after selling 24,815 shares during the quarter. Jane Street Group LLC's holdings in Banner were worth $401,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Financial Life Planners purchased a new stake in Banner during the 4th quarter valued at $32,000. Smartleaf Asset Management LLC raised its stake in Banner by 167.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock worth $47,000 after acquiring an additional 441 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Banner by 816.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the financial services provider's stock valued at $72,000 after buying an additional 964 shares in the last quarter. KBC Group NV boosted its stake in shares of Banner by 46.0% in the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock worth $111,000 after acquiring an additional 522 shares during the period. Finally, US Bancorp DE boosted its stake in Banner by 21.8% in the 4th 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. 87.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on BANR. Wall Street Zen downgraded Banner from a "hold" rating to a "sell" rating in a research report on Thursday, May 29th. Raymond James reiterated an "outperform" rating and set a $65.00 price objective (down previously from $77.00) on shares of Banner in a report on Monday, April 21st. Stephens reaffirmed an "overweight" rating and issued a $73.00 price objective on shares of Banner in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their price target on Banner from $75.00 to $73.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, Janney Montgomery Scott raised Banner from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $70.83.
Get Our Latest Research Report on Banner
Banner Stock Down 1.3%
NASDAQ:BANR traded down $0.78 during midday trading on Wednesday, reaching $61.18. The company had a trading volume of 129,100 shares, compared to its average volume of 215,219. The stock's fifty day simple moving average is $61.46 and its 200-day simple moving average is $66.27. 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 $44.90 and a 12-month high of $78.05. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 12.54 and a beta of 0.90.
Banner (NASDAQ:BANR - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.06. The firm 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 EPS. On average, sell-side analysts anticipate that Banner Co. will post 5.23 earnings per share for the current fiscal year.
Banner Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Tuesday, April 29th. Banner's dividend payout ratio (DPR) is 37.72%.
Banner Company Profile
(
Free Report)
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.
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