5,395 Shares in Sierra Bancorp (NASDAQ:BSRR) Purchased by Bfsg LLC

Bfsg LLC bought a new stake in Sierra Bancorp (NASDAQ:BSRR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,395 shares of the financial services provider’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BSRR. Assenagon Asset Management S.A. increased its position in Sierra Bancorp by 27.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 67,149 shares of the financial services provider’s stock valued at $1,514,000 after purchasing an additional 14,320 shares during the period. SG Americas Securities LLC grew its stake in shares of Sierra Bancorp by 16.0% in the 4th quarter. SG Americas Securities LLC now owns 7,338 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 1,012 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Sierra Bancorp in the 3rd quarter valued at $689,000. Finally, Private Management Group Inc. raised its position in Sierra Bancorp by 4.0% in the third quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider’s stock worth $12,394,000 after acquiring an additional 25,256 shares during the period. 55.40% of the stock is owned by institutional investors.

Sierra Bancorp Stock Down 2.7 %

Sierra Bancorp stock traded down $0.56 during trading hours on Thursday, hitting $20.34. The stock had a trading volume of 3,022 shares, compared to its average volume of 27,018. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $297.98 million, a P/E ratio of 8.50 and a beta of 0.93. Sierra Bancorp has a 12-month low of $15.01 and a 12-month high of $23.21. The stock’s 50-day moving average price is $18.77 and its 200-day moving average price is $19.53.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.26). Sierra Bancorp had a return on equity of 11.11% and a net margin of 17.80%. The firm had revenue of $50.49 million during the quarter, compared to the consensus estimate of $35.15 million. Equities research analysts anticipate that Sierra Bancorp will post 2.33 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Tuesday, April 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, April 29th. Sierra Bancorp’s dividend payout ratio is currently 38.02%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating for the company in a research note on Tuesday. Janney Montgomery Scott raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $24.00 to $23.00 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

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.