Sierra Bancorp (NASDAQ:BSRR) Shares Purchased by Fmr LLC

Fmr LLC grew its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,573 shares of the financial services provider’s stock after acquiring an additional 21,558 shares during the period. Fmr LLC owned about 1.35% of Sierra Bancorp worth $5,619,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BSRR. Foundry Partners LLC increased its stake in Sierra Bancorp by 19.2% during the third quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider’s stock valued at $5,111,000 after purchasing an additional 28,495 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sierra Bancorp by 85.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,241 shares of the financial services provider’s stock valued at $758,000 after buying an additional 12,077 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Sierra Bancorp during the 3rd quarter valued at about $1,146,000. Empowered Funds LLC raised its stake in Sierra Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider’s stock worth $2,166,000 after acquiring an additional 3,752 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in Sierra Bancorp by 21.2% in the third quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider’s stock worth $1,329,000 after acquiring an additional 8,033 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Sierra Bancorp Trading Down 1.3 %

Sierra Bancorp stock opened at $31.01 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13. The company’s fifty day simple moving average is $30.16 and its 200-day simple moving average is $27.38. The stock has a market cap of $446.36 million, a P/E ratio of 12.31 and a beta of 0.92.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%. The firm had revenue of $52.59 million during the quarter, compared to analysts’ expectations of $38.30 million. As a group, sell-side analysts forecast that Sierra Bancorp will post 2.79 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $0.24 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 3.10%. Sierra Bancorp’s payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Sierra Bancorp news, Director James C. Holly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the completion of the sale, the director now directly owns 313,370 shares of the company’s stock, valued at approximately $9,081,462.60. The trade was a 1.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Albert L. Berra sold 2,540 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the completion of the transaction, the director now directly owns 150,063 shares in the company, valued at approximately $4,838,031.12. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,056 shares of company stock valued at $244,741 over the last quarter. Corporate insiders own 11.63% of the company’s stock.

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.