Proficio Capital Partners LLC Buys New Shares in Sierra Bancorp (NASDAQ:BSRR)

Proficio Capital Partners LLC bought a new position in shares of Sierra Bancorp (NASDAQ:BSRR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,303 shares of the financial services provider’s stock, valued at approximately $385,000. Proficio Capital Partners LLC owned approximately 0.09% of Sierra Bancorp at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its stake in Sierra Bancorp by 21.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 8,033 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Sierra Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider’s stock worth $2,166,000 after purchasing an additional 3,752 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Sierra Bancorp during the third quarter worth about $1,146,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Sierra Bancorp by 85.3% in 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. Finally, Foundry Partners LLC raised its holdings in shares of 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. 55.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Michael Olague sold 3,563 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $31.15, for a total value of $110,987.45. Following the completion of the sale, the executive vice president now owns 12,409 shares of the company’s stock, valued at approximately $386,540.35. The trade was a 22.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julie G. Castle sold 1,104 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $32.00, for a total transaction of $35,328.00. Following the completion of the sale, the director now directly owns 4,157 shares of the company’s stock, valued at approximately $133,024. The trade was a 20.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,668 shares of company stock valued at $146,346. 11.86% of the stock is owned by insiders.

Sierra Bancorp Stock Down 3.1 %

NASDAQ:BSRR opened at $27.68 on Tuesday. The company’s 50-day simple moving average is $29.86 and its 200-day simple moving average is $29.84. The stock has a market capitalization of $386.52 million, a P/E ratio of 9.85 and a beta of 0.89. 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 has a fifty-two week low of $17.69 and a fifty-two week high of $35.13.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%. On average, equities analysts anticipate that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.61%. Sierra Bancorp’s dividend payout ratio (DPR) is currently 35.59%.

Analyst Upgrades and Downgrades

A number of analysts have commented on BSRR shares. Keefe, Bruyette & Woods upped their target price on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Monday.

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.