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.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/12/08/dynamic-technology-lab-private-ltd-takes-204000-position-in-sierra-bancorp-bsrr.html.
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.
Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.