SG Americas Securities LLC Acquires New Position in Sierra Bancorp (NASDAQ:BSRR)

SG Americas Securities LLC bought a new position in Sierra Bancorp (NASDAQ:BSRRFree Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 4,906 shares of the financial services provider’s stock, valued at approximately $142,000.

Several other large investors also recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its stake in shares of Sierra Bancorp by 45.7% during the first quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock worth $61,000 after buying an additional 957 shares during the period. Panagora Asset Management Inc. grew its stake in Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 904 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Sierra Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider’s stock valued at $13,737,000 after purchasing an additional 5,830 shares during the period. Empowered Funds LLC raised its stake in shares of Sierra Bancorp by 8.0% in the first quarter. Empowered Funds LLC now owns 66,202 shares of the financial services provider’s stock worth $1,337,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sierra Bancorp by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 119,520 shares of the financial services provider’s stock worth $2,675,000 after purchasing an additional 3,531 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BSRR. StockNews.com upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd.

Read Our Latest Research Report on Sierra Bancorp

Sierra Bancorp Stock Down 2.1 %

Sierra Bancorp stock opened at $27.99 on Friday. The business’s 50-day moving average price is $28.89 and its 200 day moving average price is $24.87. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market cap of $408.54 million, a price-to-earnings ratio of 11.57 and a beta of 0.89. Sierra Bancorp has a 52 week low of $16.75 and a 52 week high of $31.85.

Sierra Bancorp (NASDAQ:BSRRGet Free Report) last issued its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.77% and a return on equity of 10.66%. The business had revenue of $52.59 million for the quarter, compared to analysts’ expectations of $38.30 million. As a group, sell-side analysts anticipate that Sierra Bancorp will post 2.77 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.24 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 3.43%. Sierra Bancorp’s payout ratio is 39.67%.

Insiders Place Their Bets

In other news, Director Morris A. Tharp sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $29.26, for a total transaction of $292,600.00. Following the sale, the director now directly owns 475,060 shares in the company, valued at $13,900,255.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Morris A. Tharp sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $29.26, for a total value of $292,600.00. Following the completion of the transaction, the director now owns 475,060 shares of the company’s stock, valued at approximately $13,900,255.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Olague sold 11,660 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $28.45, for a total value of $331,727.00. Following the completion of the sale, the executive vice president now directly owns 25,132 shares in the company, valued at approximately $715,005.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,758 shares of company stock worth $710,142. Company insiders own 11.86% of the company’s stock.

About Sierra Bancorp

(Free Report)

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.

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

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