Rhumbline Advisers Has $539,000 Stock Holdings in Sierra Bancorp $BSRR

Rhumbline Advisers reduced its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,332 shares of the financial services provider’s stock after selling 811 shares during the quarter. Rhumbline Advisers owned 0.14% of Sierra Bancorp worth $539,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Sierra Bancorp by 15.1% during the 1st quarter. CWM LLC now owns 4,920 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 647 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Sierra Bancorp during the 1st quarter worth $242,000. Deutsche Bank AG grew its holdings in shares of Sierra Bancorp by 98.6% during the 4th quarter. Deutsche Bank AG now owns 9,386 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 4,659 shares in the last quarter. Strs Ohio acquired a new stake in shares of Sierra Bancorp during the 1st quarter worth $282,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Sierra Bancorp by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 1,000 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Olague sold 9,193 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $28.41, for a total transaction of $261,173.13. Following the completion of the transaction, the executive vice president directly owned 8,809 shares in the company, valued at $250,263.69. This trade represents a 51.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynda Scearcy sold 4,297 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $30.02, for a total value of $128,995.94. Following the transaction, the director owned 31,233 shares of the company’s stock, valued at $937,614.66. This trade represents a 12.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,169 shares of company stock valued at $529,844. 11.63% of the stock is currently owned by corporate insiders.

Sierra Bancorp Stock Performance

Shares of BSRR stock opened at $29.91 on Wednesday. The business’s 50-day moving average price is $30.00 and its 200-day moving average price is $28.60. Sierra Bancorp has a 12 month low of $22.42 and a 12 month high of $35.13. The firm has a market capitalization of $406.48 million, a price-to-earnings ratio of 10.35 and a beta of 0.81. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Sierra Bancorp had a return on equity of 11.44% and a net margin of 20.09%.The firm had revenue of $39.21 million for the quarter, compared to analyst estimates of $38.47 million. Equities research analysts forecast that Sierra Bancorp will post 2.95 EPS for the current year.

Sierra Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 4th. Sierra Bancorp’s dividend payout ratio (DPR) is presently 34.60%.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Sierra Bancorp currently has an average rating of “Hold” and an average price target of $33.50.

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.