Dynamic Technology Lab Private Ltd Takes $204,000 Position in Sierra Bancorp (BSRR)

Dynamic Technology Lab Private Ltd acquired a new stake in Sierra Bancorp (NASDAQ:BSRR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,521 shares of the financial services provider’s stock, valued at approximately $204,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Sierra Bancorp at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BSRR. Wells Fargo & Company MN lifted its position in shares of Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 196 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of 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 worth $177,000 after acquiring an additional 800 shares in the last quarter. Strs Ohio lifted its position in shares of Sierra Bancorp by 6.2% during the second quarter. Strs Ohio now owns 25,800 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 1,500 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Sierra Bancorp by 9.8% during the second quarter. Teachers Advisors LLC now owns 20,932 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 1,862 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Sierra Bancorp by 2.1% during the second quarter. LSV Asset Management now owns 119,300 shares of the financial services provider’s stock worth $2,928,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 49.24% of the company’s stock.

BSRR has been the topic of several recent research reports. DA Davidson downgraded Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research upgraded 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, ValuEngine downgraded 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 given a hold rating and one has issued a buy rating to the company. Sierra Bancorp has a consensus rating of “Hold” and an average price target of $28.15.

Sierra Bancorp (NASDAQ BSRR) opened at $26.84 on Friday. The firm has a market cap of $415.02, a price-to-earnings ratio of 18.18, a PEG ratio of 2.25 and a beta of 0.80. Sierra Bancorp has a 1-year low of $23.10 and a 1-year high of $29.50. 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 (NASDAQ:BSRR) last released its quarterly 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 firm had revenue of $24.35 million for the quarter, compared to analysts’ expectations of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. research analysts expect that Sierra Bancorp will post 1.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.14 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.56 annualized dividend and a dividend yield of 2.09%. Sierra Bancorp’s payout ratio is currently 37.33%.

In other news, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 16,000 shares in the company, valued at $416,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gordon T. Woods sold 3,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The disclosure for this sale can be found here. Corporate insiders own 20.77% of the company’s stock.

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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.

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

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