Sierra Bancorp (NASDAQ:BSRR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Sierra Bancorp (NASDAQ:BSRR) by 16.0% in the 4th quarter, HoldingsChannel reports. The firm owned 7,338 shares of the financial services provider’s stock after purchasing an additional 1,012 shares during the quarter. SG Americas Securities LLC’s holdings in Sierra Bancorp were worth $165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BSRR. Lazard Asset Management LLC purchased a new position in shares of Sierra Bancorp in the third quarter valued at approximately $39,000. BNP Paribas Arbitrage SNC lifted its stake in Sierra Bancorp by 54.3% in the first quarter. BNP Paribas Arbitrage SNC now owns 2,850 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,003 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Sierra Bancorp by 276.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,991 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 2,197 shares during the last quarter. Citigroup Inc. lifted its stake in Sierra Bancorp by 414,000.0% in the second quarter. Citigroup Inc. now owns 4,141 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 4,140 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Sierra Bancorp by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,389 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,103 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Sierra Bancorp Stock Up 0.6 %

Shares of Sierra Bancorp stock opened at $18.09 on Tuesday. Sierra Bancorp has a 52-week low of $15.01 and a 52-week high of $23.21. The company has a 50 day moving average of $18.75 and a 200 day moving average of $19.54. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $265.02 million, a P/E ratio of 7.67 and a beta of 0.93.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.26). Sierra Bancorp had a return on equity of 11.03% and a net margin of 18.01%. The firm had revenue of $50.49 million during the quarter, compared to analysts’ expectations of $35.15 million. As a group, research analysts forecast that Sierra Bancorp will post 2.33 EPS for the current fiscal year.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.09%. Sierra Bancorp’s dividend payout ratio is currently 38.98%.

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.