Banner Co. (NASDAQ:BANR) Stock Holdings Increased by TFO Wealth Partners LLC

TFO Wealth Partners LLC boosted its position in Banner Co. (NASDAQ:BANRFree Report) by 35,800.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 718 shares of the financial services provider’s stock after buying an additional 716 shares during the period. TFO Wealth Partners LLC’s holdings in Banner were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Banner by 0.9% in the third quarter. Vanguard Group Inc. now owns 4,146,849 shares of the financial services provider’s stock valued at $175,743,000 after buying an additional 36,850 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Banner by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,257,865 shares of the financial services provider’s stock valued at $120,934,000 after buying an additional 62,774 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Banner by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 988,426 shares of the financial services provider’s stock valued at $52,940,000 after buying an additional 21,447 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Banner by 247.2% in the fourth quarter. Victory Capital Management Inc. now owns 641,701 shares of the financial services provider’s stock valued at $34,370,000 after buying an additional 456,868 shares during the last quarter. Finally, abrdn plc increased its holdings in Banner by 12.3% in the fourth quarter. abrdn plc now owns 428,293 shares of the financial services provider’s stock valued at $22,939,000 after buying an additional 46,938 shares during the last quarter. 87.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stephens lowered their target price on Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, April 19th. DA Davidson lowered their target price on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Piper Sandler lowered their target price on Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Finally, StockNews.com lowered Banner from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Banner currently has a consensus rating of “Hold” and an average target price of $51.20.

Check Out Our Latest Research Report on BANR

Banner Stock Performance

Shares of NASDAQ BANR opened at $46.05 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $45.76 and a 200-day simple moving average of $47.14. The company has a market cap of $1.59 billion, a PE ratio of 9.57 and a beta of 1.06. Banner Co. has a 12-month low of $39.31 and a 12-month high of $55.66.

Banner (NASDAQ:BANRGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $144.55 million during the quarter, compared to the consensus estimate of $150.67 million. Banner had a return on equity of 11.47% and a net margin of 21.62%. On average, equities research analysts forecast that Banner Co. will post 4.72 EPS for the current year.

Banner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 4.17%. Banner’s dividend payout ratio (DPR) is 39.92%.

Banner Company Profile

(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.

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Institutional Ownership by Quarter for Banner (NASDAQ:BANR)

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