Sierra Bancorp (NASDAQ:BSRR) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Sierra Bancorp (NASDAQ:BSRR) by 301.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,896 shares of the financial services provider’s stock after purchasing an additional 12,690 shares during the quarter. Barclays PLC’s holdings in Sierra Bancorp were worth $488,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Panagora Asset Management Inc. lifted its holdings in Sierra Bancorp by 8.2% in the second quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 904 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Sierra Bancorp during the 3rd quarter worth $29,000. Jane Street Group LLC increased its position in shares of Sierra Bancorp by 9.7% during the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 1,484 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Sierra Bancorp by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,520 shares of the financial services provider’s stock valued at $2,675,000 after buying an additional 3,531 shares during the period. Finally, Empowered Funds LLC lifted its position in Sierra Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider’s stock valued at $2,166,000 after buying an additional 3,752 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Sierra Bancorp Stock Performance

Shares of Sierra Bancorp stock opened at $28.55 on Friday. The stock has a market capitalization of $410.95 million, a price-to-earnings ratio of 11.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average of $30.54 and a 200 day moving average of $28.30. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13.

Sierra Bancorp (NASDAQ:BSRR) last posted 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 during the quarter, compared to analyst estimates of $38.30 million. As a group, sell-side analysts forecast that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, October 31st. Sierra Bancorp’s payout ratio is currently 38.10%.

Insider Activity at Sierra Bancorp

In related news, Director James C. Holly sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total value of $144,900.00. Following the transaction, the director now owns 313,370 shares of the company’s stock, valued at $9,081,462.60. This represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the sale, the director now directly owns 150,063 shares of the company’s stock, valued at $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,056 shares of company stock worth $244,741. Company insiders own 11.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.