BNP Paribas Financial Markets Has $363,000 Stake in Sierra Bancorp (NASDAQ:BSRR)

BNP Paribas Financial Markets lifted its holdings in shares of Sierra Bancorp (NASDAQ:BSRR) by 8.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,547 shares of the financial services provider’s stock after acquiring an additional 966 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Sierra Bancorp worth $363,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BSRR. State of Tennessee Department of Treasury bought a new position in Sierra Bancorp during the fourth quarter worth $137,000. SG Americas Securities LLC lifted its stake in shares of Sierra Bancorp by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider’s stock worth $171,000 after buying an additional 997 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Sierra Bancorp during the 4th quarter worth about $202,000. MetLife Investment Management LLC boosted its holdings in shares of Sierra Bancorp by 11.3% during the 4th quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider’s stock worth $239,000 after buying an additional 838 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Sierra Bancorp by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider’s stock worth $240,000 after buying an additional 1,664 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Sierra Bancorp Stock Down 0.4%

BSRR opened at $27.09 on Tuesday. The stock has a fifty day moving average of $26.96 and a 200-day moving average of $29.03. The company has a market capitalization of $374.36 million, a P/E ratio of 9.64 and a beta of 0.71. Sierra Bancorp has a fifty-two week low of $19.77 and a fifty-two week high of $35.13. 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 released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business 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 expect that Sierra Bancorp will post 2.95 EPS for the current year.

Sierra Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BSRR shares. DA Davidson lowered their price target on shares of Sierra Bancorp from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on Sierra Bancorp from $32.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th.

About Sierra Bancorp

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.