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.

In other news, Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.50, for a total transaction of $85,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robb Evans acquired 1,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $27.76 per share, for a total transaction of $27,760.00. Following the completion of the acquisition, the director now directly owns 16,200 shares of the company’s stock, valued at $449,712. The disclosure for this purchase can be found here. 20.77% of the stock is owned by insiders.

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%.

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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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