Sierra Bancorp (NASDAQ:BSRR) Director Robb Evans purchased 1,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $27.76 per share, for a total transaction of $27,760.00. Following the acquisition, the director now owns 16,200 shares of the company’s stock, valued at $449,712. The transaction was disclosed in a filing with the SEC, which is available through this link.
Sierra Bancorp (NASDAQ:BSRR) traded down $0.37 during midday trading on Monday, hitting $27.36. The company had a trading volume of 14,065 shares, compared to its average volume of 25,719. 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 52-week low of $23.10 and a 52-week high of $29.50. The stock has a market capitalization of $422.14, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.73 and a beta of 0.80.
Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million. equities analysts forecast that Sierra Bancorp will post 2 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in BSRR. Bank of New York Mellon Corp boosted its holdings in Sierra Bancorp by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,445 shares of the financial services provider’s stock valued at $2,319,000 after purchasing an additional 2,697 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Sierra Bancorp by 14.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 136,800 shares of the financial services provider’s stock valued at $3,358,000 after purchasing an additional 16,996 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Sierra Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 196 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Sierra Bancorp by 9.8% in the 2nd quarter. Teachers Advisors LLC now owns 20,932 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,862 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Sierra Bancorp by 10.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 132,980 shares of the financial services provider’s stock valued at $3,263,000 after purchasing an additional 12,657 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors.
BSRR has been the topic of a number of research reports. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, December 26th. ValuEngine lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub raised Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. FIG Partners initiated coverage on Sierra Bancorp in a report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price target on the stock. Finally, DA Davidson lowered Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.79.
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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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