Sierra Bancorp (NASDAQ:BSRR) Director Laurence S. Dutto bought 500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $26.86 per share, for a total transaction of $13,430.00. Following the transaction, the director now directly owns 3,070 shares in the company, valued at approximately $82,460.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ BSRR opened at $26.32 on Friday. The stock has a market cap of $411.04, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.70 and a beta of 0.75. Sierra Bancorp has a fifty-two week low of $23.10 and a fifty-two week high of $28.87. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.14.
Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a return on equity of 9.87% and a net margin of 19.02%. The firm had revenue of $27.91 million during the quarter, compared to analyst estimates of $26.90 million. analysts forecast that Sierra Bancorp will post 1.98 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new stake in Sierra Bancorp during the 4th quarter worth approximately $155,000. Millennium Management LLC increased its stake in Sierra Bancorp by 90.4% during the 4th quarter. Millennium Management LLC now owns 158,681 shares of the financial services provider’s stock worth $4,215,000 after buying an additional 75,354 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Sierra Bancorp by 113.4% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 15,431 shares of the financial services provider’s stock worth $409,000 after buying an additional 8,200 shares in the last quarter. Two Sigma Investments LP increased its stake in Sierra Bancorp by 114.7% during the 4th quarter. Two Sigma Investments LP now owns 26,477 shares of the financial services provider’s stock worth $703,000 after buying an additional 14,146 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Sierra Bancorp during the 4th quarter worth approximately $213,000. Institutional investors own 52.01% of the company’s stock.
Several brokerages have issued reports on BSRR. BidaskClub raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. FIG Partners assumed coverage on Sierra Bancorp in a research report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price target for the company. Zacks Investment Research cut Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Hovde Group set a $30.00 price target on Sierra Bancorp and gave the stock a “hold” rating in a research report on Monday, February 5th. Finally, Sandler O’Neill set a $29.00 price target on Sierra Bancorp and gave the stock a “hold” rating in a research report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.14.
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About Sierra Bancorp
Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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