Bessemer Group Inc. Sells 3,400 Shares of Sierra Bancorp (BSRR)
Bessemer Group Inc. decreased its holdings in Sierra Bancorp (NASDAQ:BSRR) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,900 shares of the financial services provider’s stock after selling 3,400 shares during the period. Bessemer Group Inc.’s holdings in Sierra Bancorp were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Sierra Bancorp by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock worth $25,484,000 after purchasing an additional 32,745 shares during the last quarter. Vanguard Group Inc. grew its holdings in Sierra Bancorp by 9.7% in the second quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock worth $12,274,000 after purchasing an additional 44,242 shares during the last quarter. Northern Trust Corp grew its holdings in Sierra Bancorp by 4.3% in the second quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock worth $10,763,000 after purchasing an additional 18,165 shares during the last quarter. State Street Corp grew its holdings in Sierra Bancorp by 6.3% in the second quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock worth $5,298,000 after purchasing an additional 12,798 shares during the last quarter. Finally, Foundry Partners LLC grew its holdings in Sierra Bancorp by 7.9% in the third quarter. Foundry Partners LLC now owns 180,065 shares of the financial services provider’s stock worth $4,889,000 after purchasing an additional 13,225 shares during the last quarter. 49.15% of the stock is owned by institutional investors.
Several equities analysts have issued reports on BSRR shares. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, December 26th. Hovde Group set a $30.00 price target on shares of Sierra Bancorp and gave the stock a “hold” rating in a report on Monday, February 5th. ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, FIG Partners assumed coverage on shares of Sierra Bancorp in a report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.17.
Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $26.82 on Monday. The firm has a market cap of $408.28, a price-to-earnings ratio of 19.72, a PEG ratio of 1.69 and a beta of 0.75. 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 1-year low of $23.10 and a 1-year high of $29.50.
Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. analysts predict that Sierra Bancorp will post 1.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.39%. Sierra Bancorp’s payout ratio is 47.06%.
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.
Want to see what other hedge funds are holding BSRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sierra Bancorp (NASDAQ:BSRR).
Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.