Chicago Equity Partners LLC purchased a new position in Sierra Bancorp (NASDAQ:BSRR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,530 shares of the financial services provider’s stock, valued at approximately $476,000. Chicago Equity Partners LLC owned approximately 0.13% of Sierra Bancorp as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the company. Foundry Partners LLC grew its stake in shares of 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 in the last quarter. Nationwide Fund Advisors raised its position in Sierra Bancorp by 19.0% during the third quarter. Nationwide Fund Advisors now owns 31,803 shares of the financial services provider’s stock valued at $863,000 after buying an additional 5,072 shares during the period. Tower Research Capital LLC TRC acquired a new position in Sierra Bancorp during the second quarter valued at $118,000. State Street Corp raised its position in Sierra Bancorp by 6.3% during the second quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock valued at $5,298,000 after buying an additional 12,798 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position 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 valued at $177,000 after buying an additional 800 shares during the period. 53.43% of the stock is owned by institutional investors.
In related news, Director Robb Evans acquired 1,000 shares of the stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $26.00 per share, with a total value of $26,000.00. Following the acquisition, the director now owns 16,000 shares in the company, valued at approximately $416,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.24% of the company’s stock.
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Sierra Bancorp (NASDAQ:BSRR) opened at $25.99 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76. Sierra Bancorp has a 52-week low of $20.00 and a 52-week high of $29.50. The firm has a market capitalization of $390.21, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.80.
Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $24.35 million for the quarter, compared to analyst estimates of $23.90 million. Sierra Bancorp had a return on equity of 9.87% and a net margin of 21.59%. sell-side analysts anticipate that Sierra Bancorp will post 1.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio is 37.33%.
BSRR has been the topic of several research reports. Raymond James Financial, Inc. raised Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Tuesday, July 25th. BidaskClub raised Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Monday, September 25th. Finally, Hovde Group upped their target price on Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Sierra Bancorp has an average rating of “Hold” and an average target price of $28.15.
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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