SG Americas Securities LLC bought a new position in shares of Sierra Bancorp (NASDAQ:BSRR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,468 shares of the financial services provider’s stock, valued at approximately $148,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BSRR. Tower Research Capital LLC TRC acquired a new position in Sierra Bancorp during the second quarter worth $118,000. Cornerstone Capital Management Holdings LLC. increased its holdings in Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after buying an additional 800 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after buying an additional 196 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Sierra Bancorp during the second quarter worth $234,000. Finally, Goldman Sachs Group Inc. acquired a new position in Sierra Bancorp during the second quarter worth $244,000. Institutional investors and hedge funds own 49.24% of the company’s stock.

A number of equities analysts recently weighed in on BSRR shares. DA Davidson downgraded shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, September 25th. ValuEngine cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. FIG Partners assumed coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price objective for the company. Finally, BidaskClub cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Sierra Bancorp currently has a consensus rating of “Hold” and a consensus price target of $28.79.

In other news, Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $26.00 per share, with a total value of $26,000.00. Following the transaction, the director now owns 16,000 shares of the company’s stock, valued at approximately $416,000. The disclosure for this purchase can be found here. Insiders own 20.77% of the company’s stock.

Sierra Bancorp (BSRR) opened at $26.49 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Sierra Bancorp has a 52-week low of $23.10 and a 52-week high of $29.50. The company has a market cap of $416.69, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.80.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. equities analysts predict that Sierra Bancorp will post 1.52 EPS for the current year.

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Sierra Bancorp Profile

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

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Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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