Los Angeles Capital Management LLC Has $870,000 Position in Sierra Bancorp (NASDAQ:BSRR)

Los Angeles Capital Management LLC cut its holdings in shares of Sierra Bancorp (NASDAQ:BSRR) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,080 shares of the financial services provider’s stock after selling 540 shares during the period. Los Angeles Capital Management LLC owned about 0.29% of Sierra Bancorp worth $870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bfsg LLC bought a new stake in Sierra Bancorp during the fourth quarter worth $122,000. SG Americas Securities LLC lifted its stake in Sierra Bancorp by 16.0% during the fourth quarter. SG Americas Securities LLC now owns 7,338 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 1,012 shares during the last quarter. Trexquant Investment LP bought a new stake in Sierra Bancorp during the fourth quarter worth $280,000. BNP Paribas Financial Markets lifted its stake in Sierra Bancorp by 118.2% during the fourth quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 8,243 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Sierra Bancorp by 27.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 67,149 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 14,320 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BSRR shares. Keefe, Bruyette & Woods cut their target price on Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. Janney Montgomery Scott cut Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th.

Insider Activity at Sierra Bancorp

In related news, EVP Michael Olague sold 4,753 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $22.29, for a total value of $105,944.37. Following the completion of the sale, the executive vice president now directly owns 31,353 shares in the company, valued at $698,858.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.86% of the stock is currently owned by company insiders.

Sierra Bancorp Stock Down 0.2 %

Shares of BSRR opened at $20.83 on Tuesday. Sierra Bancorp has a 52 week low of $16.30 and a 52 week high of $23.21. The stock has a market capitalization of $304.03 million, a price-to-earnings ratio of 8.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a fifty day moving average of $20.78 and a 200-day moving average of $20.31.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $37.31 million during the quarter, compared to analysts’ expectations of $34.90 million. Sierra Bancorp had a return on equity of 10.89% and a net margin of 17.80%. As a group, sell-side analysts anticipate that Sierra Bancorp will post 2.45 earnings per share for the current fiscal year.

Sierra Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Tuesday, April 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.92 dividend on an annualized basis and a yield of 4.42%. Sierra Bancorp’s payout ratio is 38.02%.

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.