Jane Street Group LLC Purchases 1,484 Shares of Sierra Bancorp (NASDAQ:BSRR)

Jane Street Group LLC boosted its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 9.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,827 shares of the financial services provider’s stock after purchasing an additional 1,484 shares during the period. Jane Street Group LLC owned about 0.12% of Sierra Bancorp worth $486,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in Sierra Bancorp in the 3rd quarter valued at about $29,000. SG Americas Securities LLC acquired a new position in Sierra Bancorp during the third quarter valued at approximately $142,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sierra Bancorp by 85.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,241 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 12,077 shares during the period. Martingale Asset Management L P grew its holdings in Sierra Bancorp by 21.6% during the third quarter. Martingale Asset Management L P now owns 36,184 shares of the financial services provider’s stock valued at $1,045,000 after purchasing an additional 6,431 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in Sierra Bancorp during the third quarter valued at approximately $1,146,000. 55.40% of the stock is owned by institutional investors.

Sierra Bancorp Stock Performance

Shares of BSRR stock opened at $28.69 on Tuesday. The company’s fifty day simple moving average is $30.54 and its 200-day simple moving average is $28.51. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market cap of $412.96 million, a PE ratio of 11.38 and a beta of 0.92. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13.

Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $52.59 million for the quarter, compared to the consensus estimate of $38.30 million. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. Equities research analysts expect that Sierra Bancorp will post 2.79 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 3.35%. Sierra Bancorp’s payout ratio is 38.10%.

Insider Buying and Selling

In related news, Director Albert L. Berra sold 2,540 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the transaction, the director now directly owns 150,063 shares in the company, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James C. Holly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the completion of the transaction, the director now owns 313,370 shares in the company, valued at $9,081,462.60. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,056 shares of company stock worth $244,741. Insiders own 11.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BSRR. StockNews.com upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.