Sierra Bancorp (NASDAQ:BSRR) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.88.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, March 20th. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. DA Davidson upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, May 23rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 price objective on shares of Sierra Bancorp in a research note on Friday.

In other Sierra Bancorp news, Director Robb Evans acquired 1,000 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was bought at an average price of $25.39 per share, for a total transaction of $25,390.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $380,850. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 15.24% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Sierra Bancorp by 33.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,200 shares of the financial services provider’s stock worth $582,000 after buying an additional 5,300 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sierra Bancorp by 43.4% in the first quarter. Renaissance Technologies LLC now owns 214,600 shares of the financial services provider’s stock worth $5,886,000 after buying an additional 64,905 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sierra Bancorp by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 876,353 shares of the financial services provider’s stock worth $24,038,000 after buying an additional 48,508 shares in the last quarter. Geode Capital Management LLC raised its stake in Sierra Bancorp by 13.6% in the first quarter. Geode Capital Management LLC now owns 83,977 shares of the financial services provider’s stock valued at $2,303,000 after buying an additional 10,073 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Sierra Bancorp by 22.4% in the first quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock valued at $12,500,000 after buying an additional 83,492 shares during the last quarter. Institutional investors own 54.07% of the company’s stock.

Sierra Bancorp (NASDAQ:BSRR) traded up 0.38% during midday trading on Monday, reaching $23.84. 18,799 shares of the company traded hands. The stock has a market capitalization of $329.73 million, a price-to-earnings ratio of 18.21 and a beta of 0.85. The firm has a 50 day moving average of $24.85 and a 200-day moving average of $26.26. Sierra Bancorp has a 12 month low of $16.98 and a 12 month high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.02. Sierra Bancorp had a return on equity of 8.79% and a net margin of 19.99%. The firm had revenue of $22.02 million during the quarter, compared to analyst estimates of $22.35 million. Analysts forecast that Sierra Bancorp will post $1.30 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Sierra Bancorp (NASDAQ:BSRR) Receives Average Recommendation of “Buy” from Brokerages” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/17/sierra-bancorp-nasdaqbsrr-receives-average-recommendation-of-buy-from-brokerages.html.

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.

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