Martingale Asset Management L P raised its holdings in Sierra Bancorp (NASDAQ:BSRR) by 31.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,528 shares of the financial services provider’s stock after acquiring an additional 19,303 shares during the quarter. Martingale Asset Management L P owned approximately 0.53% of Sierra Bancorp worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in BSRR. Wells Fargo & Company MN boosted its position in Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 196 shares in the last quarter. Teachers Advisors LLC raised its position in Sierra Bancorp by 9.8% during the second quarter. Teachers Advisors LLC now owns 20,932 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,862 shares in the last quarter. California Public Employees Retirement System grew its holdings in Sierra Bancorp by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 42,225 shares of the financial services provider’s stock valued at $1,121,000 after purchasing an additional 2,387 shares during the period. LSV Asset Management grew its holdings in Sierra Bancorp by 3.1% in the fourth quarter. LSV Asset Management now owns 136,600 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 4,120 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in Sierra Bancorp by 19.0% in the third quarter. Nationwide Fund Advisors now owns 31,803 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 5,072 shares during the period. 52.05% of the stock is currently owned by institutional investors.
Sierra Bancorp (NASDAQ BSRR) traded up $0.86 on Friday, reaching $28.05. The company’s stock had a trading volume of 30,326 shares, compared to its average volume of 21,917. The stock has a market cap of $427.01, a P/E ratio of 18.21, a PEG ratio of 1.77 and a beta of 0.78. Sierra Bancorp has a 12-month low of $23.10 and a 12-month high of $28.87. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.
Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $27.91 million during the quarter, compared to the consensus estimate of $26.90 million. Sierra Bancorp had a return on equity of 10.34% and a net margin of 19.02%. analysts predict that Sierra Bancorp will post 1.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Wednesday, January 31st. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.14. Sierra Bancorp’s dividend payout ratio is 47.06%.
A number of analysts have recently issued reports on BSRR shares. Hovde Group raised Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Wednesday, February 14th. Zacks Investment Research downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BidaskClub upgraded Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. FIG Partners assumed coverage on Sierra Bancorp in a research report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 target price on the stock. Finally, ValuEngine downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. 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 company’s stock. The stock has an average rating of “Hold” and an average price target of $29.17.
In related news, Director Robb Evans bought 1,000 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the acquisition, the director now owns 16,200 shares in the company, valued at $449,712. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.77% of the stock is currently owned by corporate insiders.
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About Sierra Bancorp
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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