Sierra Bancorp (BSRR) Stake Lowered by Context BH Capital Management LP

Context BH Capital Management LP reduced its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,809 shares of the financial services provider’s stock after selling 2,441 shares during the period. Context BH Capital Management LP owned approximately 0.56% of Sierra Bancorp worth $2,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Sierra Bancorp by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,098,742 shares of the financial services provider’s stock valued at $26,403,000 after purchasing an additional 23,842 shares in the last quarter. BlackRock Inc. grew its position in shares of Sierra Bancorp by 4.6% during the 4th quarter. BlackRock Inc. now owns 1,065,723 shares of the financial services provider’s stock valued at $25,609,000 after purchasing an additional 46,432 shares in the last quarter. Vanguard Group Inc grew its position in shares of Sierra Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 516,435 shares of the financial services provider’s stock valued at $14,925,000 after purchasing an additional 3,412 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Sierra Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 516,435 shares of the financial services provider’s stock valued at $14,925,000 after purchasing an additional 3,412 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Sierra Bancorp by 10.4% during the 3rd quarter. Renaissance Technologies LLC now owns 348,655 shares of the financial services provider’s stock valued at $10,076,000 after purchasing an additional 32,755 shares in the last quarter. Hedge funds and other institutional investors own 52.61% of the company’s stock.

Shares of NASDAQ:BSRR opened at $23.68 on Tuesday. Sierra Bancorp has a 52-week low of $22.67 and a 52-week high of $31.18. The firm has a market capitalization of $355.00 million, a P/E ratio of 12.33, a P/E/G ratio of 1.35 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.13.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). Sierra Bancorp had a return on equity of 11.29% and a net margin of 24.09%. The company had revenue of $29.32 million during the quarter, compared to analysts’ expectations of $29.53 million. Sell-side analysts predict that Sierra Bancorp will post 2.15 EPS for the current year.

A number of research analysts have recently commented on BSRR shares. Hovde Group restated a “buy” rating on shares of Sierra Bancorp in a research report on Monday, January 28th. BidaskClub upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, ValuEngine lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.67.

In related news, CEO Kevin J. Mcphaill sold 15,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $27.27, for a total value of $409,050.00. Following the completion of the transaction, the chief executive officer now directly owns 23,076 shares in the company, valued at $629,282.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robb Evans bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was bought at an average price of $26.79 per share, with a total value of $26,790.00. Following the completion of the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $509,010. The disclosure for this purchase can be found here. Insiders purchased 16,500 shares of company stock valued at $443,570 over the last quarter. 10.21% of the stock is owned by company insiders.

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Sierra Bancorp 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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Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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