Sierra Bancorp (NASDAQ:BSRR) Shares Bought by Barclays PLC

Barclays PLC boosted its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 301.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,896 shares of the financial services provider’s stock after purchasing an additional 12,690 shares during the period. Barclays PLC owned approximately 0.12% of Sierra Bancorp worth $488,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in Sierra Bancorp during the third quarter worth about $29,000. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp during the 3rd quarter worth approximately $142,000. Panagora Asset Management Inc. increased its holdings in shares of Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 904 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Sierra Bancorp by 9.7% in the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 1,484 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sierra Bancorp by 85.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,241 shares of the financial services provider’s stock worth $758,000 after buying an additional 12,077 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Sierra Bancorp Price Performance

Shares of NASDAQ BSRR opened at $28.55 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a fifty day moving average of $30.54 and a 200 day moving average of $28.30. The firm has a market cap of $410.95 million, a PE ratio of 11.33 and a beta of 0.92. Sierra Bancorp has a one year low of $17.69 and a one year high of $35.13.

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

Sierra Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.36%. Sierra Bancorp’s payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

BSRR has been the subject of a number of recent analyst reports. StockNews.com raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Keefe, Bruyette & Woods upped their price target on Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Transactions at Sierra Bancorp

In other Sierra Bancorp news, Director James C. Holly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total value of $144,900.00. Following the transaction, the director now directly owns 313,370 shares of the company’s stock, valued at $9,081,462.60. This trade represents a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Albert L. Berra sold 2,540 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 150,063 shares of the company’s stock, valued at $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,056 shares of company stock valued at $244,741 over the last ninety days. Insiders own 11.86% 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.