Sierra Bancorp (NASDAQ:BSRR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

BSRR has been the subject of a number of other research reports. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Friday, September 15th. DA Davidson downgraded shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Finally, ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.15.

Sierra Bancorp (NASDAQ:BSRR) opened at $26.52 on Thursday. The firm has a market cap of $403.61, a price-to-earnings ratio of 17.68, a P/E/G ratio of 2.19 and a beta of 0.80. Sierra Bancorp has a 12-month low of $23.10 and a 12-month 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 earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $24.35 million during the quarter, compared to the consensus estimate of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. equities analysts forecast that Sierra Bancorp will post 1.51 EPS for the current year.

In other news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robb Evans acquired 1,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the transaction, the director now owns 16,000 shares in the company, valued at $416,000. The disclosure for this purchase can be found here. Company insiders own 20.77% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BSRR. Vanguard Group Inc. grew its position in shares of Sierra Bancorp by 22.4% in the 1st quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock valued at $12,500,000 after acquiring an additional 83,492 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sierra Bancorp by 13.6% during the 1st quarter. Geode Capital Management LLC now owns 83,977 shares of the financial services provider’s stock worth $2,303,000 after buying an additional 10,073 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Sierra Bancorp by 33.3% during the 1st 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 during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Sierra Bancorp by 175.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,400 shares of the financial services provider’s stock worth $476,000 after buying an additional 12,350 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Sierra Bancorp by 6.2% during the 2nd quarter. Strs Ohio now owns 25,800 shares of the financial services provider’s stock worth $633,000 after buying an additional 1,500 shares during the last quarter. 49.24% of the stock is owned by institutional investors.

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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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