Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Banner Corporation (NASDAQ:BANR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,318 shares of the financial services provider's stock, valued at approximately $1,296,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Banner as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Banner by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 171,592 shares of the financial services provider's stock worth $10,942,000 after buying an additional 4,503 shares during the last quarter. Sterling Capital Management LLC grew its stake in Banner by 816.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the financial services provider's stock worth $72,000 after buying an additional 964 shares during the last quarter. Invesco Ltd. grew its stake in Banner by 2.0% during the 4th quarter. Invesco Ltd. now owns 134,060 shares of the financial services provider's stock worth $8,951,000 after buying an additional 2,637 shares during the last quarter. SG Americas Securities LLC purchased a new position in Banner during the 1st quarter worth $352,000. Finally, Wells Fargo & Company MN grew its stake in Banner by 31.7% during the 4th quarter. Wells Fargo & Company MN now owns 25,338 shares of the financial services provider's stock worth $1,692,000 after buying an additional 6,097 shares during the last quarter. 87.33% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Stephens reiterated an "overweight" rating and set a $73.00 price target on shares of Banner in a research note on Monday, April 21st. DA Davidson boosted their price target on Banner from $67.00 to $72.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Janney Montgomery Scott upgraded Banner from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research note on Monday, April 21st. Raymond James Financial reiterated an "outperform" rating and set a $65.00 price target (down previously from $77.00) on shares of Banner in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price target on Banner from $75.00 to $73.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.17.
Check Out Our Latest Report on BANR
Banner Stock Performance
Shares of BANR stock traded down $1.00 on Friday, hitting $61.08. The company had a trading volume of 218,165 shares, compared to its average volume of 235,216. The firm has a market cap of $2.11 billion, a P/E ratio of 11.63 and a beta of 0.93. The company has a 50-day moving average price of $64.23 and a 200-day moving average price of $64.65. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.40. Banner Corporation has a twelve month low of $51.14 and a twelve month high of $78.05.
Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $162.98 million during the quarter, compared to analysts' expectations of $167.96 million. Banner had a return on equity of 10.06% and a net margin of 21.15%. As a group, equities research analysts predict that Banner Corporation will post 5.23 earnings per share for the current fiscal year.
Banner Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.92 dividend on an annualized basis and a yield of 3.1%. Banner's dividend payout ratio is presently 36.57%.
About Banner
(
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.
See Also
Before you consider Banner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banner wasn't on the list.
While Banner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
