Fmr LLC Has $5.62 Million Holdings in Sierra Bancorp (NASDAQ:BSRR)

Fmr LLC boosted its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 12.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,573 shares of the financial services provider’s stock after buying an additional 21,558 shares during the period. Fmr LLC’s holdings in Sierra Bancorp were worth $5,619,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new position in shares of Sierra Bancorp during the third quarter worth about $1,146,000. Foundry Partners LLC increased its position in Sierra Bancorp by 19.2% during the 3rd quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider’s stock valued at $5,111,000 after purchasing an additional 28,495 shares during the period. Assenagon Asset Management S.A. raised its holdings in Sierra Bancorp by 24.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider’s stock worth $2,137,000 after purchasing an additional 14,335 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sierra Bancorp by 85.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,241 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 12,077 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of Sierra Bancorp by 21.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 8,033 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Sierra Bancorp Stock Performance

Shares of BSRR stock opened at $31.01 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $446.36 million, a price-to-earnings ratio of 12.31 and a beta of 0.92. Sierra Bancorp has a 52 week low of $17.69 and a 52 week high of $35.13. The firm’s 50-day simple moving average is $30.16 and its two-hundred day simple moving average is $27.38.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. The business had revenue of $52.59 million for the quarter, compared to the consensus estimate of $38.30 million. As a group, equities analysts forecast that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.24 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.96 annualized dividend and a dividend yield of 3.10%. Sierra Bancorp’s payout ratio is currently 38.10%.

Wall Street Analysts Forecast Growth

BSRR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, November 16th.

Insider Activity

In other news, Director Albert L. Berra sold 2,540 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the transaction, the director now owns 150,063 shares in the company, valued at approximately $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Holly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the completion of the transaction, the director now owns 313,370 shares in the company, valued at $9,081,462.60. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,056 shares of company stock worth $244,741. 11.63% of the stock is currently owned by insiders.

About Sierra Bancorp

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.