Geode Capital Management LLC Has $54.78 Million Position in Banner Co. (NASDAQ:BANR)

Geode Capital Management LLC trimmed its position in Banner Co. (NASDAQ:BANR) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 820,174 shares of the financial services provider’s stock after selling 3,589 shares during the quarter. Geode Capital Management LLC owned 2.38% of Banner worth $54,776,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Banner in the fourth quarter valued at about $32,000. USA Financial Formulas acquired a new position in shares of Banner during the 4th quarter worth approximately $32,000. Smartleaf Asset Management LLC increased its holdings in shares of Banner by 167.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 441 shares during the period. KBC Group NV raised its position 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 valued at $111,000 after buying an additional 522 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Banner by 21.8% in the fourth quarter. US Bancorp DE now owns 1,749 shares of the financial services provider’s stock valued at $117,000 after buying an additional 313 shares during the period. Institutional investors own 87.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $82.00 price objective on shares of Banner in a report on Thursday, January 23rd. DA Davidson boosted their price target on Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Banner Trading Down 0.5 %

Shares of BANR opened at $56.51 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.86. Banner Co. has a 52-week low of $42.00 and a 52-week high of $78.05. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 11.58 and a beta of 0.94. The business’s fifty day moving average is $64.78 and its 200-day moving average is $67.12.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. Equities analysts anticipate that Banner Co. will post 5.23 EPS for the current fiscal year.

Banner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.48 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.92 dividend on an annualized basis and a yield of 3.40%. Banner’s dividend payout ratio is currently 39.34%.

About Banner

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.