Foundry Partners LLC reduced its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,340 shares of the financial services provider’s stock after selling 6,725 shares during the period. Foundry Partners LLC owned approximately 1.14% of Sierra Bancorp worth $4,604,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Sierra Bancorp by 4.3% during the second quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock worth $10,763,000 after buying an additional 18,165 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Sierra Bancorp by 10.5% during the second quarter. Ameriprise Financial Inc. now owns 132,980 shares of the financial services provider’s stock worth $3,263,000 after buying an additional 12,657 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Sierra Bancorp during the third quarter worth $658,000. Dimensional Fund Advisors LP lifted its stake in shares of Sierra Bancorp by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 905,877 shares of the financial services provider’s stock worth $22,239,000 after buying an additional 29,524 shares during the period. Finally, ClariVest Asset Management LLC acquired a new position in Sierra Bancorp during the third quarter valued at $384,000. Institutional investors and hedge funds own 49.19% of the company’s stock.
Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $26.65 on Tuesday. Sierra Bancorp has a one year low of $23.10 and a one year high of $29.50. The stock has a market cap of $408.29, a PE ratio of 19.60, a P/E/G ratio of 1.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.76.
Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. The company had revenue of $27.91 million during the quarter, compared to analysts’ expectations of $26.90 million. equities analysts expect that Sierra Bancorp will post 1.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.40%. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, January 31st. Sierra Bancorp’s payout ratio is presently 47.06%.
In other Sierra Bancorp news, Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robb Evans bought 1,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the completion of the acquisition, the director now directly owns 16,200 shares in the company, valued at $449,712. The disclosure for this purchase can be found here. Insiders own 20.77% of the company’s stock.
A number of research analysts recently issued reports on the stock. FIG Partners assumed coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 target price for the company. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday. Hovde Group set a $30.00 price objective on shares of Sierra Bancorp and gave the company a “hold” rating in a report on Monday, February 5th. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, December 26th. Finally, DA Davidson cut shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Sierra Bancorp presently has a consensus rating of “Hold” and an average price target of $29.17.
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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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