Sequoia Financial Advisors LLC Purchases 759 Shares of Banner Co. (NASDAQ:BANR)

Sequoia Financial Advisors LLC lifted its position in shares of Banner Co. (NASDAQ:BANR) by 9.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,081 shares of the financial services provider’s stock after acquiring an additional 759 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Banner were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BANR. BNP Paribas Arbitrage SA lifted its stake in shares of Banner by 1.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,703 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 191 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Banner by 0.6% in the third quarter. UBS Asset Management Americas Inc. now owns 38,436 shares of the financial services provider’s stock valued at $2,271,000 after buying an additional 227 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Banner by 19.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,535 shares of the financial services provider’s stock valued at $82,000 after buying an additional 245 shares during the last quarter. Bank of Montreal Can raised its stake in Banner by 2.3% in the first quarter. Bank of Montreal Can now owns 11,310 shares of the financial services provider’s stock valued at $697,000 after buying an additional 254 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its stake in Banner by 126.7% in the second quarter. Eagle Bay Advisors LLC now owns 501 shares of the financial services provider’s stock valued at $28,000 after buying an additional 280 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

Wall Street Analysts Forecast Growth

BANR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, January 22nd. Raymond James increased their price objective on Banner from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.75.

Banner Stock Down 2.0 %

Shares of BANR stock opened at $42.97 on Wednesday. The stock’s 50-day simple moving average is $45.38 and its 200-day simple moving average is $46.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $1.48 billion, a PE ratio of 8.06 and a beta of 1.03. Banner Co. has a fifty-two week low of $39.31 and a fifty-two week high of $55.66.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $152.46 million for the quarter, compared to analyst estimates of $155.54 million. Banner had a return on equity of 12.96% and a net margin of 24.61%. Equities analysts expect that Banner Co. will post 4.64 earnings per share for the current year.

Banner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Wednesday, February 7th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.47%. The ex-dividend date was Tuesday, February 6th. Banner’s dividend payout ratio (DPR) is 36.02%.

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.