Foundry Partners LLC lifted its holdings in shares of Sierra Bancorp (NASDAQ:BSRR) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,065 shares of the financial services provider’s stock after acquiring an additional 13,225 shares during the quarter. Foundry Partners LLC owned approximately 1.30% of Sierra Bancorp worth $4,889,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in BSRR. Tower Research Capital LLC TRC bought a new position in shares of Sierra Bancorp during the second quarter valued at $118,000. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock valued at $177,000 after buying an additional 800 shares during the last quarter. American International Group Inc. boosted its position in Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 478 shares during the last quarter. Trexquant Investment LP purchased a new position in Sierra Bancorp in the second quarter worth about $204,000. Finally, Wells Fargo & Company MN boosted its position in Sierra Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 53.43% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. DA Davidson cut Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. ValuEngine raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Hovde Group lifted their target price on Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.15.
In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $26.00 per share, with a total value of $26,000.00. Following the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $416,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.24% of the company’s stock.
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Shares of Sierra Bancorp (NASDAQ BSRR) traded up $0.24 during mid-day trading on Wednesday, hitting $25.64. The company’s stock had a trading volume of 17,400 shares, compared to its average volume of 36,472. Sierra Bancorp has a twelve month low of $19.91 and a twelve month high of $29.50. The stock has a market cap of $386.56, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16.
Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.90 million. Sierra Bancorp had a return on equity of 9.87% and a net margin of 21.59%. analysts forecast that Sierra Bancorp will post 1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.18%. The ex-dividend date is Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio is currently 37.33%.
Sierra Bancorp Company Profile
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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