JPMorgan Chase & Co. Buys 19,025 Shares of Sierra Bancorp (NASDAQ:BSRR)

JPMorgan Chase & Co. boosted its stake in Sierra Bancorp (NASDAQ:BSRR) by 40.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,858 shares of the financial services provider’s stock after acquiring an additional 19,025 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of Sierra Bancorp worth $1,902,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BSRR. SG Americas Securities LLC bought a new stake in Sierra Bancorp in the 3rd quarter valued at $142,000. Assenagon Asset Management S.A. lifted its position in Sierra Bancorp by 24.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider’s stock worth $2,137,000 after buying an additional 14,335 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Sierra Bancorp during the 3rd quarter worth about $29,000. Los Angeles Capital Management LLC grew its holdings in shares of 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 valued at $1,329,000 after acquiring an additional 8,033 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Sierra Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider’s stock valued at $2,166,000 after acquiring an additional 3,752 shares during the last quarter. 55.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on BSRR shares. StockNews.com raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Keefe, Bruyette & Woods lifted their price objective on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Sierra Bancorp Stock Down 1.6 %

Sierra Bancorp stock opened at $29.40 on Thursday. The firm has a market capitalization of $423.07 million, a PE ratio of 11.67 and a beta of 0.92. The company’s 50-day moving average is $30.13 and its 200-day moving average is $29.08. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $52.59 million for the quarter, compared to analyst estimates of $38.30 million. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. Sell-side analysts anticipate that Sierra Bancorp will post 2.79 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the completion of the sale, the director now owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. The trade was a 1.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James C. Holly sold 5,000 shares of Sierra Bancorp 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 sale, the director now directly owns 313,370 shares of the company’s stock, valued at $9,081,462.60. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,056 shares of company stock valued at $244,741. Company insiders own 11.63% of the company’s stock.

Sierra Bancorp Company 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.