Sierra Bancorp (NASDAQ:BSRR) Given Consensus Rating of “Hold” by Analysts
Sierra Bancorp (NASDAQ:BSRR) has received a consensus rating of “Hold” from the six research firms that are currently covering the company. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.25.
A number of research analysts recently commented on BSRR shares. DA Davidson started coverage on Sierra Bancorp in a research note on Wednesday, June 8th. They set a “neutral” rating and a $19.00 price objective for the company. Zacks Investment Research upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Hovde Group started coverage on Sierra Bancorp in a research note on Friday, June 10th. They set an “outperform” rating and a $19.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Sierra Bancorp from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 1st.
In other news, Director Robert L. Fields sold 3,515 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $18.22, for a total value of $64,043.30. Following the completion of the transaction, the director now owns 458,663 shares of the company’s stock, valued at $8,356,839.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert L. Fields sold 35,000 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $18.22, for a total value of $637,700.00. Following the completion of the transaction, the director now directly owns 423,663 shares of the company’s stock, valued at approximately $7,719,139.86. The disclosure for this sale can be found here. 15.24% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSRR. Emerald Acquisition Ltd. acquired a new position in Sierra Bancorp during the second quarter valued at about $160,000. BlackRock Advisors LLC boosted its position in shares of Sierra Bancorp by 3.1% in the second quarter. BlackRock Advisors LLC now owns 11,217 shares of the financial services provider’s stock valued at $187,000 after buying an additional 336 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Sierra Bancorp by 476.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 13,102 shares of the financial services provider’s stock valued at $219,000 after buying an additional 10,831 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Sierra Bancorp during the first quarter valued at $251,000. Finally, Deere & Co. purchased a new position in shares of Sierra Bancorp during the second quarter valued at $278,000. 49.30% of the stock is owned by institutional investors.
Shares of Sierra Bancorp (NASDAQ:BSRR) traded up 0.59% on Wednesday, reaching $18.63. 3,813 shares of the company traded hands. The company has a market capitalization of $258.66 million, a PE ratio of 13.88 and a beta of 0.96. Sierra Bancorp has a 52-week low of $15.50 and a 52-week high of $21.70. The firm has a 50-day moving average of $18.06 and a 200-day moving average of $17.67.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, July 25th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. Sierra Bancorp had a return on equity of 9.30% and a net margin of 21.94%. On average, equities research analysts forecast that Sierra Bancorp will post $1.29 earnings per share for the current fiscal year.
About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. The Bank operates approximately 30 branch offices, an online branch, a real estate industries group, an agricultural credit division, a Small Business Administration (SBA) lending unit and a loan production office.
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