4,821 Shares in Sierra Bancorp (BSRR) Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC acquired a new stake in shares of Sierra Bancorp (NASDAQ:BSRR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,821 shares of the financial services provider’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of 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 acquiring an additional 196 shares during the last quarter. American International Group Inc. increased its stake in shares of Sierra Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 478 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of 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 acquiring an additional 800 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Sierra Bancorp by 7.2% during the 4th quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock valued at $516,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Sierra Bancorp by 6.2% during the 2nd quarter. Strs Ohio now owns 25,800 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 1,500 shares during the last quarter. 53.13% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price objective on shares of Sierra Bancorp in a research note on Friday, July 14th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.15.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%. The company had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million.

In other news, Director Robert L. Fields sold 9,600 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.14, for a total transaction of $260,544.00. Following the completion of the sale, the director now directly owns 412,543 shares of the company’s stock, valued at approximately $11,196,417.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Fields sold 2,465 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total value of $66,875.45. Following the sale, the director now directly owns 410,078 shares of the company’s stock, valued at $11,125,416.14. The disclosure for this sale can be found here. Insiders have sold a total of 12,165 shares of company stock valued at $330,119 over the last ninety days. Company insiders own 15.24% of the company’s stock.

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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.

Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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