XTX Topco Ltd Purchases New Position in Sierra Bancorp (NASDAQ:BSRR)

XTX Topco Ltd purchased a new stake in shares of Sierra Bancorp (NASDAQ:BSRR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,358 shares of the financial services provider’s stock, valued at approximately $242,000. XTX Topco Ltd owned approximately 0.06% of Sierra Bancorp at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Sierra Bancorp by 30.3% in the fourth quarter. Barclays PLC now owns 22,021 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 5,125 shares in the last quarter. Martingale Asset Management L P lifted its position in Sierra Bancorp by 16.0% during the fourth quarter. Martingale Asset Management L P now owns 41,964 shares of the financial services provider’s stock valued at $1,214,000 after purchasing an additional 5,780 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Sierra Bancorp by 30.0% in the 4th quarter. Federated Hermes Inc. now owns 12,177 shares of the financial services provider’s stock worth $352,000 after buying an additional 2,810 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Sierra Bancorp by 25.0% in the 4th quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider’s stock worth $240,000 after buying an additional 1,664 shares during the last quarter. Finally, Trexquant Investment LP raised its position in shares of Sierra Bancorp by 69.9% during the 4th quarter. Trexquant Investment LP now owns 15,151 shares of the financial services provider’s stock valued at $438,000 after buying an additional 6,233 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $26.25 on Friday. The firm has a market capitalization of $363.04 million, a PE ratio of 9.34 and a beta of 0.76. The stock’s fifty day moving average is $27.73 and its 200 day moving average is $29.27. Sierra Bancorp has a fifty-two week low of $19.77 and a fifty-two week high of $35.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%. On average, sell-side analysts anticipate that Sierra Bancorp will post 2.95 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other news, Director Julie G. Castle sold 1,104 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $32.00, for a total value of $35,328.00. Following the sale, the director now directly owns 4,157 shares in the company, valued at approximately $133,024. This represents a 20.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Olague sold 3,563 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $31.15, for a total value of $110,987.45. Following the sale, the executive vice president now directly owns 12,409 shares of the company’s stock, valued at $386,540.35. This represents a 22.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,393 shares of company stock valued at $166,994 over the last 90 days. Insiders own 11.86% of the company’s stock.

Sierra Bancorp Profile

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.