BidaskClub upgraded shares of Sierra Bancorp (NASDAQ:BSRR) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning.

BSRR has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Sierra Bancorp from a sell rating to a hold rating in a report on Wednesday, November 1st. ValuEngine lowered shares of Sierra Bancorp from a buy rating to a hold rating in a report on Saturday, November 25th. DA Davidson lowered shares of Sierra Bancorp from a buy rating to a neutral rating in a report on Tuesday, October 24th. Hovde Group set a $30.00 price objective on shares of Sierra Bancorp and gave the company a hold rating in a report on Monday, February 5th. Finally, FIG Partners started coverage on shares of Sierra Bancorp in a report on Thursday, December 21st. They set a market-perform rating and a $30.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $29.17.

Shares of Sierra Bancorp (NASDAQ BSRR) opened at $26.45 on Friday. Sierra Bancorp has a twelve month low of $23.10 and a twelve month high of $29.50. The stock has a market cap of $408.29, a PE ratio of 19.45, a PEG ratio of 1.69 and a beta of 0.75. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16.

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. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. The company had revenue of $27.91 million during the quarter, compared to analyst estimates of $26.90 million. research analysts expect that Sierra Bancorp will post 1.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.16 per share. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, January 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.42%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 47.06%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in Sierra Bancorp by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 196 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in Sierra Bancorp by 12.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 800 shares during the period. Teachers Advisors LLC increased its position in Sierra Bancorp by 9.8% during the 2nd quarter. Teachers Advisors LLC now owns 20,932 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,862 shares during the period. California Public Employees Retirement System increased its position in Sierra Bancorp by 6.0% during the 4th quarter. California Public Employees Retirement System now owns 42,225 shares of the financial services provider’s stock valued at $1,121,000 after purchasing an additional 2,387 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Sierra Bancorp by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,445 shares of the financial services provider’s stock valued at $2,319,000 after purchasing an additional 2,697 shares during the period. 49.19% of the stock is currently owned by institutional investors and hedge funds.

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About Sierra Bancorp

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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