Bfsg LLC Takes $122,000 Position in Sierra Bancorp (NASDAQ:BSRR)

Bfsg LLC acquired a new stake in shares of Sierra Bancorp (NASDAQ:BSRR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,395 shares of the financial services provider’s stock, valued at approximately $122,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Sierra Bancorp in the 3rd quarter worth about $120,000. Los Angeles Capital Management LLC acquired a new stake in Sierra Bancorp in the 3rd quarter worth about $689,000. Assenagon Asset Management S.A. boosted its stake in Sierra Bancorp by 2.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 52,829 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 1,095 shares during the last quarter. Finally, Private Management Group Inc. boosted its stake in Sierra Bancorp by 4.0% in the 3rd quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider’s stock worth $12,394,000 after buying an additional 25,256 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Sierra Bancorp Stock Performance

BSRR traded down $0.56 during trading on Thursday, reaching $20.34. 3,022 shares of the company were exchanged, compared to its average volume of 27,018. The stock has a market cap of $297.98 million, a P/E ratio of 8.50 and a beta of 0.93. The firm has a 50 day moving average of $18.77 and a 200 day moving average of $19.53. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. Sierra Bancorp has a 52 week low of $15.01 and a 52 week high of $23.21.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.26). The business had revenue of $50.49 million during the quarter, compared to the consensus estimate of $35.15 million. Sierra Bancorp had a return on equity of 11.11% and a net margin of 17.80%. On average, sell-side analysts forecast that Sierra Bancorp will post 2.33 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be given a $0.23 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.92 annualized dividend and a yield of 4.52%. Sierra Bancorp’s payout ratio is 38.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Janney Montgomery Scott raised Sierra Bancorp from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $24.00 to $23.00 in a research note on Tuesday. Keefe, Bruyette & Woods dropped their target price on Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

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.