Fisher Asset Management LLC Sells 53,459 Shares of Banner Co. (NASDAQ:BANR)

Fisher Asset Management LLC lowered its stake in shares of Banner Co. (NASDAQ:BANR - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 293,060 shares of the financial services provider's stock after selling 53,459 shares during the quarter. Fisher Asset Management LLC owned 0.85% of Banner worth $15,696,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BANR. Carmel Capital Partners LLC purchased a new stake in shares of Banner in the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new stake in Banner during the third quarter valued at about $34,000. Federated Hermes Inc. bought a new position in shares of Banner during the third quarter valued at about $45,000. CWM LLC increased its holdings in shares of Banner by 49.9% in the fourth quarter. CWM LLC now owns 1,135 shares of the financial services provider's stock worth $61,000 after buying an additional 378 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Banner by 19.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,535 shares of the financial services provider's stock worth $82,000 after buying an additional 245 shares during the period. 87.33% of the stock is owned by institutional investors.

Banner Trading Up 0.2 %

BANR stock traded up $0.07 on Monday, reaching $46.31. The company's stock had a trading volume of 89,257 shares, compared to its average volume of 194,948. The firm has a market cap of $1.59 billion, a PE ratio of 9.63 and a beta of 1.04. The business has a fifty day simple moving average of $45.52 and a two-hundred day simple moving average of $46.66. Banner Co. has a 12-month low of $39.31 and a 12-month high of $55.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82.

Banner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 4.15%. Banner's dividend payout ratio (DPR) is presently 39.92%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BANR. DA Davidson reduced their price target on Banner from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. Stephens decreased their target price on shares of Banner from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Friday, April 19th. Raymond James increased their price target on shares of Banner from $47.00 to $51.00 and gave the company an "outperform" rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods cut their price target on shares of Banner from $58.00 to $54.00 and set a "market perform" rating on the stock in a report on Monday, January 22nd. Finally, Piper Sandler lowered their price objective on shares of Banner from $54.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Banner presently has an average rating of "Moderate Buy" and a consensus target price of $51.20.

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.