Jane Street Group LLC Has $486,000 Holdings in Sierra Bancorp (NASDAQ:BSRR)

Jane Street Group LLC lifted its holdings in Sierra Bancorp (NASDAQ:BSRR) by 9.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,827 shares of the financial services provider’s stock after acquiring an additional 1,484 shares during the quarter. Jane Street Group LLC’s holdings in Sierra Bancorp were worth $486,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BSRR. FMR LLC lifted its position in Sierra Bancorp by 12.5% during the third quarter. FMR LLC now owns 194,573 shares of the financial services provider’s stock worth $5,619,000 after purchasing an additional 21,558 shares during the period. State Street Corp lifted its position in Sierra Bancorp by 3.6% during the third quarter. State Street Corp now owns 321,257 shares of the financial services provider’s stock worth $9,278,000 after purchasing an additional 11,095 shares during the period. Foundry Partners LLC lifted its position in Sierra Bancorp by 19.2% during the third quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider’s stock worth $5,111,000 after purchasing an additional 28,495 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Sierra Bancorp during the third quarter worth about $1,146,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Sierra Bancorp by 85.3% during the third 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. Institutional investors own 55.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BSRR shares. StockNews.com raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Keefe, Bruyette & Woods increased their target price on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, Director Albert L. Berra sold 2,540 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the completion of the sale, the director now owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James C. Holly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now directly owns 313,370 shares of the company’s stock, valued at approximately $9,081,462.60. This trade represents 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 valued at $244,741. 11.86% of the stock is currently owned by company insiders.

Sierra Bancorp Stock Down 1.4 %

Shares of NASDAQ BSRR opened at $28.69 on Tuesday. The company has a 50 day simple moving average of $30.54 and a 200 day simple moving average of $28.51. The firm has a market cap of $412.96 million, a PE ratio of 11.38 and a beta of 0.92. Sierra Bancorp has a 1 year low of $17.69 and a 1 year high of $35.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

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

Sierra Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, October 31st. Sierra Bancorp’s dividend payout ratio is presently 38.10%.

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.