First Trust Advisors LP reduced its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,277 shares of the financial services provider’s stock after selling 3,999 shares during the period. First Trust Advisors LP owned about 0.19% of Sierra Bancorp worth $713,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Sierra Bancorp in the 2nd quarter worth about $118,000. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Sierra Bancorp by 12.4% in the 2nd 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. Trexquant Investment LP bought a new position in shares of Sierra Bancorp in the 2nd quarter worth about $204,000. Wells Fargo & Company MN lifted its position in shares of Sierra Bancorp by 2.4% in the 2nd 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. Finally, GSA Capital Partners LLP bought a new position in shares of Sierra Bancorp in the 2nd quarter worth about $234,000. Institutional investors own 49.24% of the company’s stock.
BSRR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. DA Davidson downgraded shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Finally, ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.15.
Sierra Bancorp (BSRR) opened at $26.88 on Thursday. 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 $23.07 and a 52-week high of $29.50. The stock has a market cap of $415.02, a PE ratio of 18.18, a PEG ratio of 2.25 and a beta of 0.80.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $24.35 million for the quarter, compared to the consensus estimate of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. research analysts anticipate that Sierra Bancorp will post 1.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a $0.14 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.56 annualized dividend and a yield of 2.08%. Sierra Bancorp’s dividend payout ratio is presently 37.33%.
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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