Sierra Bancorp (NASDAQ:BSRR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Sierra Bancorp (NASDAQ:BSRR) by 45.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,581 shares of the financial services provider’s stock after selling 9,501 shares during the period. BNP Paribas Financial Markets’ holdings in Sierra Bancorp were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Private Management Group Inc. boosted its position in Sierra Bancorp by 1.2% in the second quarter. Private Management Group Inc. now owns 657,147 shares of the financial services provider’s stock valued at $14,707,000 after buying an additional 7,515 shares during the last quarter. FMR LLC boosted its position in Sierra Bancorp by 12.5% in the third quarter. FMR LLC now owns 194,573 shares of the financial services provider’s stock valued at $5,619,000 after buying an additional 21,558 shares during the last quarter. Foundry Partners LLC boosted its position in Sierra Bancorp by 19.2% in the third quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider’s stock valued at $5,111,000 after buying an additional 28,495 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sierra Bancorp by 3.0% in the second 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 last quarter. Finally, Empowered Funds LLC boosted 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.

Insider Transactions at Sierra Bancorp

In other news, Director James C. Holly sold 5,000 shares of the company’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 completion of the transaction, the director now directly owns 313,370 shares of the company’s stock, valued at $9,081,462.60. This represents a 1.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Albert L. Berra sold 2,540 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the transaction, the director now directly owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,056 shares of company stock valued at $244,741 in the last three months. 11.86% of the stock is currently owned by company insiders.

Sierra Bancorp Trading Up 0.4 %

Sierra Bancorp stock opened at $31.14 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13. The stock’s 50 day simple moving average is $30.23 and its two-hundred day simple moving average is $27.54. The firm has a market cap of $448.23 million, a PE ratio of 12.36 and a beta of 0.92.

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, topping the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%. The business had revenue of $52.59 million for the quarter, compared to analyst estimates of $38.30 million. Analysts anticipate that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, October 31st. Sierra Bancorp’s payout ratio is 38.10%.

Wall Street Analyst Weigh In

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

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.