Wellington Management Group LLP Reduces Holdings in Banner Co. (NASDAQ:BANR)

Wellington Management Group LLP decreased its position in Banner Co. (NASDAQ:BANR) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,772,114 shares of the financial services provider’s stock after selling 13,205 shares during the quarter. Wellington Management Group LLP owned about 0.05% of Banner worth $118,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Financial Life Planners purchased a new stake in Banner in the 4th quarter worth approximately $32,000. USA Financial Formulas acquired a new stake in shares of Banner during the fourth quarter worth $32,000. Smartleaf Asset Management LLC grew its position in shares of Banner by 167.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 441 shares during the period. KBC Group NV grew 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 purchasing an additional 522 shares during the period. Finally, US Bancorp DE increased its stake in 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 purchasing an additional 313 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Stock Performance

Banner stock opened at $58.52 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85. Banner Co. has a 12 month low of $42.00 and a 12 month high of $78.05. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 11.99 and a beta of 1.07. The stock’s 50-day moving average is $66.83 and its 200-day moving average is $67.18.

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

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 annualized dividend and a yield of 3.28%. Banner’s dividend payout ratio is currently 39.34%.

Wall Street Analyst Weigh In

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

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.