Sierra Bancorp (NASDAQ:BSRR) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of Sierra Bancorp (NASDAQ:BSRR) by 21.2% during the third quarter, Holdings Channel reports. The firm owned 46,013 shares of the financial services provider’s stock after acquiring an additional 8,033 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sierra Bancorp were worth $1,329,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Sierra Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider’s stock worth $13,737,000 after acquiring an additional 5,830 shares during the period. Private Management Group Inc. grew its holdings in shares of Sierra Bancorp by 1.2% during 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 purchasing an additional 7,515 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Sierra Bancorp by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 119,520 shares of the financial services provider’s stock worth $2,675,000 after purchasing an additional 3,531 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Sierra Bancorp by 24.0% in 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. Finally, Panagora Asset Management Inc. boosted its position in Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 904 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Insider Activity

In other Sierra Bancorp news, EVP Michael Olague sold 3,098 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $27.70, for a total value of $85,814.60. Following the completion of the sale, the executive vice president now directly owns 12,409 shares in the company, valued at $343,729.30. This represents a 19.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 11,154 shares of company stock worth $330,556 over the last three months. Corporate insiders own 11.86% of the company’s stock.

Sierra Bancorp Stock Down 2.0 %

BSRR opened at $31.52 on Friday. The stock’s 50 day moving average price is $29.29 and its 200 day moving average price is $26.01. 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 stock has a market cap of $453.57 million, a P/E ratio of 12.51 and a beta of 0.89. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13.

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

Sierra Bancorp Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Thursday, October 31st. Sierra Bancorp’s dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

BSRR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

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.