Stieven Capital Advisors L.P. Has $12.99 Million Stock Holdings in Banner Co. (NASDAQ:BANR)

Stieven Capital Advisors L.P. trimmed its holdings in shares of Banner Co. (NASDAQ:BANR) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,056 shares of the financial services provider’s stock after selling 12,200 shares during the period. Banner comprises 2.5% of Stieven Capital Advisors L.P.’s holdings, making the stock its 16th largest position. Stieven Capital Advisors L.P. owned approximately 0.63% of Banner worth $12,987,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Banner in the 1st quarter valued at about $202,000. Sei Investments Co. lifted its stake in Banner by 1.7% in the 1st quarter. Sei Investments Co. now owns 138,109 shares of the financial services provider’s stock valued at $6,629,000 after purchasing an additional 2,348 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Banner by 19.1% in the 1st quarter. Russell Investments Group Ltd. now owns 40,407 shares of the financial services provider’s stock valued at $1,940,000 after purchasing an additional 6,470 shares during the last quarter. ProShare Advisors LLC lifted its stake in Banner by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,906 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 475 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Banner in the 1st quarter valued at about $247,000. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BANR has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Banner from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Raymond James raised their target price on shares of Banner from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler set a $67.00 price target on shares of Banner in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Banner has an average rating of “Hold” and a consensus target price of $61.60.

Banner Stock Up 0.1 %

Banner stock opened at $73.52 on Friday. The stock has a market cap of $2.53 billion, a P/E ratio of 15.38 and a beta of 1.04. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Banner Co. has a twelve month low of $42.00 and a twelve month high of $77.01. The company’s 50-day moving average price is $63.43 and its two-hundred day moving average price is $55.62.

Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.18 by $0.12. Banner had a net margin of 20.28% and a return on equity of 10.22%. The company had revenue of $213.90 million for the quarter, compared to analysts’ expectations of $152.95 million. During the same period last year, the firm earned $1.43 earnings per share. As a group, analysts expect that Banner Co. will post 4.88 EPS for the current year.

Banner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.92 annualized dividend and a dividend yield of 2.61%. Banner’s dividend payout ratio is presently 40.17%.

Insider Transactions at Banner

In related news, VP James P.G. Mclean sold 1,500 shares of Banner stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $75.63, for a total value of $113,445.00. Following the transaction, the vice president now directly owns 21,868 shares of the company’s stock, valued at $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

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.