Millennium Management LLC lifted its stake in Sierra Bancorp (NASDAQ:BSRR) by 90.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,681 shares of the financial services provider’s stock after acquiring an additional 75,354 shares during the period. Millennium Management LLC owned 1.04% of Sierra Bancorp worth $4,215,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. California Public Employees Retirement System raised its holdings in shares of Sierra Bancorp by 6.0% in the 4th quarter. California Public Employees Retirement System now owns 42,225 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 2,387 shares in the last quarter. Ford Financial Group Inc. bought a new stake in shares of Sierra Bancorp in the 4th quarter worth approximately $106,000. LSV Asset Management raised its holdings in shares of Sierra Bancorp by 3.1% in the 4th quarter. LSV Asset Management now owns 136,600 shares of the financial services provider’s stock worth $3,628,000 after purchasing an additional 4,120 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Sierra Bancorp by 32.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,094 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 4,201 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Sierra Bancorp by 19.0% in the 3rd quarter. Nationwide Fund Advisors now owns 31,803 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 5,072 shares in the last quarter. 52.01% of the stock is owned by institutional investors.
In other news, Director Robb Evans purchased 1,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were acquired 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 of the company’s stock, valued at $449,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 1,730 shares of company stock worth $47,297 in the last 90 days. 20.77% of the stock is owned by company insiders.
BSRR stock opened at $27.67 on Friday. Sierra Bancorp has a 52-week low of $23.10 and a 52-week high of $28.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The company has a market cap of $418.05, a PE ratio of 17.85, a PEG ratio of 1.73 and a beta of 0.75.
Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a net margin of 19.02% and a return on equity of 9.87%. The business had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million. equities research analysts anticipate that Sierra Bancorp will post 1.98 EPS for the current fiscal year.
A number of research firms recently commented on BSRR. FIG Partners began coverage on shares of Sierra Bancorp in a report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 target price on the stock. BidaskClub upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday. Hovde Group upgraded shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Wednesday, February 14th. Zacks Investment Research downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Sandler O’Neill set a $29.00 target price on shares of Sierra Bancorp and gave the stock a “hold” rating in a report on Thursday, March 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.14.
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Sierra Bancorp Company Profile
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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