Intech Investment Management LLC Has $1.10 Million Stock Holdings in Banner Co. (NASDAQ:BANR)

Intech Investment Management LLC increased its position in shares of Banner Co. (NASDAQ:BANR) by 52.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,455 shares of the financial services provider’s stock after purchasing an additional 5,643 shares during the period. Intech Investment Management LLC’s holdings in Banner were worth $1,099,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BANR. Natixis Advisors LLC acquired a new stake in shares of Banner during the 3rd quarter worth approximately $623,000. Foundry Partners LLC boosted its position in Banner by 2.3% in the third quarter. Foundry Partners LLC now owns 6,194 shares of the financial services provider’s stock valued at $369,000 after buying an additional 137 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Banner by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,330,064 shares of the financial services provider’s stock valued at $79,219,000 after buying an additional 43,398 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in Banner in the third quarter valued at approximately $6,477,000. Finally, Citigroup Inc. boosted its position in Banner by 11.6% in the third quarter. Citigroup Inc. now owns 65,472 shares of the financial services provider’s stock valued at $3,900,000 after buying an additional 6,790 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Analyst Ratings Changes

BANR has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and issued a $82.00 target price on shares of Banner in a research report on Thursday, January 23rd. DA Davidson raised their target price on shares of Banner from $73.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Banner presently has a consensus rating of “Hold” and an average price target of $74.20.

Banner Price Performance

BANR stock opened at $63.77 on Friday. The company has a fifty day moving average price of $67.89 and a 200-day moving average price of $66.83. The company has a market capitalization of $2.20 billion, a P/E ratio of 13.07 and a beta of 1.07. Banner Co. has a 52-week low of $42.00 and a 52-week high of $78.05. 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 (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.11. Banner had a net margin of 20.28% and a return on equity of 10.03%. As a group, equities analysts expect that Banner Co. will post 5.23 EPS for the current year.

Banner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Tuesday, February 4th. Banner’s dividend payout ratio is presently 39.34%.

Banner 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.