Victory Capital Management Inc. Has $34.37 Million Holdings in Banner Co. (NASDAQ:BANR)

Victory Capital Management Inc. raised its position in Banner Co. (NASDAQ:BANR - Free Report) by 247.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 641,701 shares of the financial services provider's stock after acquiring an additional 456,868 shares during the period. Victory Capital Management Inc. owned approximately 1.87% of Banner worth $34,370,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BANR. Carmel Capital Partners LLC purchased a new position in shares of Banner in the 3rd quarter valued at about $25,000. Federated Hermes Inc. purchased a new position in shares of Banner in the 3rd quarter valued at about $45,000. CWM LLC increased its holdings in shares of Banner by 49.9% in the 4th quarter. CWM LLC now owns 1,135 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 378 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Banner by 19.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,535 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 245 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Banner in the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 87.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BANR shares. Raymond James raised their target price on shares of Banner from $47.00 to $51.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. DA Davidson lowered their price target on shares of Banner from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, April 19th. Piper Sandler decreased their target price on shares of Banner from $54.00 to $51.00 and set an "overweight" rating on the stock in a research report on Friday, April 19th. Keefe, Bruyette & Woods decreased their target price on shares of Banner from $58.00 to $54.00 and set a "market perform" rating on the stock in a research report on Monday, January 22nd. Finally, 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 report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.20.

Banner Trading Down 0.2 %

BANR stock traded down $0.08 during midday trading on Tuesday, reaching $46.23. 86,853 shares of the company's stock traded hands, compared to its average volume of 193,719. The company has a market capitalization of $1.59 billion, a P/E ratio of 9.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82. Banner Co. has a fifty-two week low of $39.31 and a fifty-two week high of $55.66. The business has a 50-day moving average price of $45.52 and a two-hundred day moving average price of $46.66.

Banner Announces Dividend

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

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.