Penn Capital Management Co. Inc. acquired a new position in shares of Sierra Bancorp (NASDAQ:BSRR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,042 shares of the financial services provider’s stock, valued at approximately $692,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in Sierra Bancorp by 4.3% during the 2nd quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock worth $10,763,000 after buying an additional 18,165 shares during the period. Ameriprise Financial Inc. raised its holdings in Sierra Bancorp by 10.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 132,980 shares of the financial services provider’s stock worth $3,263,000 after buying an additional 12,657 shares during the period. Foundry Partners LLC raised its holdings in Sierra Bancorp by 7.9% during the 3rd quarter. Foundry Partners LLC now owns 180,065 shares of the financial services provider’s stock worth $4,889,000 after buying an additional 13,225 shares during the period. Macquarie Group Ltd. acquired a new stake in Sierra Bancorp during the 3rd quarter worth about $658,000. Finally, State Street Corp raised its holdings in Sierra Bancorp by 6.3% during the 2nd quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock worth $5,298,000 after buying an additional 12,798 shares during the period. Hedge funds and other institutional investors own 49.85% of the company’s stock.
Several analysts have issued reports on BSRR shares. BidaskClub upgraded Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, February 10th. FIG Partners started coverage on Sierra Bancorp in a report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price objective on the stock. Zacks Investment Research downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, DA Davidson cut Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $29.17.
In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average price of $27.76 per share, with a total value of $27,760.00. Following the purchase, the director now directly owns 16,200 shares in the company, valued at approximately $449,712. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gordon T. Woods sold 3,000 shares of Sierra Bancorp stock in a transaction dated 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. Insiders own 20.77% of the company’s stock.
Sierra Bancorp (BSRR) opened at $26.85 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.76. Sierra Bancorp has a 12 month low of $23.10 and a 12 month high of $29.50. The firm has a market capitalization of $420.17, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.74 and a beta of 0.75.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a return on equity of 10.34% and a net margin of 19.02%. The company had revenue of $27.91 million for the quarter, compared to analysts’ expectations of $26.90 million. equities research analysts forecast that Sierra Bancorp will post 1.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.14. Sierra Bancorp’s payout ratio is 47.06%.
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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.
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