Ameriprise Financial Inc. Sells 157,827 Shares of Sierra Bancorp (NASDAQ:BSRR)

Ameriprise Financial Inc. lowered its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 44.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,086 shares of the financial services provider’s stock after selling 157,827 shares during the period. Ameriprise Financial Inc. owned 1.36% of Sierra Bancorp worth $5,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Voya Investment Management LLC bought a new stake in Sierra Bancorp in the 4th quarter valued at $291,000. State of Tennessee Department of Treasury bought a new stake in Sierra Bancorp in the 4th quarter valued at $137,000. MetLife Investment Management LLC raised its stake in Sierra Bancorp by 11.3% in the 4th quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 838 shares during the period. XTX Topco Ltd bought a new stake in Sierra Bancorp in the 4th quarter valued at $242,000. Finally, Barclays PLC raised its stake in Sierra Bancorp by 30.3% in the 4th quarter. Barclays PLC now owns 22,021 shares of the financial services provider’s stock valued at $637,000 after acquiring an additional 5,125 shares during the period. Institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Sierra Bancorp from $32.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, DA Davidson reduced their price objective on Sierra Bancorp from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th.

Sierra Bancorp Price Performance

Shares of BSRR opened at $27.09 on Friday. The firm has a market cap of $374.36 million, a PE ratio of 9.64 and a beta of 0.71. Sierra Bancorp has a 52-week low of $19.77 and a 52-week high of $35.13. The business’s 50 day moving average price is $27.00 and its two-hundred day moving average price is $29.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $36.75 million for the quarter, compared to the consensus estimate of $37.51 million. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%. On average, equities analysts anticipate that Sierra Bancorp will post 2.95 EPS for the current year.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.69%. Sierra Bancorp’s dividend payout ratio is presently 35.46%.

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