Foundry Partners LLC lifted its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 7.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 180,065 shares of the financial services provider’s stock after buying an additional 13,225 shares during the quarter. Foundry Partners LLC owned about 1.30% of Sierra Bancorp worth $4,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Sierra Bancorp by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock worth $12,500,000 after buying an additional 83,492 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sierra Bancorp by 13.6% during the 1st quarter. Geode Capital Management LLC now owns 83,977 shares of the financial services provider’s stock worth $2,303,000 after buying an additional 10,073 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sierra Bancorp by 14.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 136,800 shares of the financial services provider’s stock worth $3,358,000 after buying an additional 16,996 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Sierra Bancorp during the 2nd quarter worth about $204,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Sierra Bancorp by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 91,748 shares of the financial services provider’s stock worth $2,516,000 after buying an additional 2,486 shares during the last quarter. Institutional investors own 53.18% of the company’s stock.

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A number of research firms have recently issued reports on BSRR. Zacks Investment Research upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. DA Davidson cut shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.15.

In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the acquisition, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $416,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 15.24% of the company’s stock.

Sierra Bancorp (BSRR) opened at $26.58 on Monday. The company has a market cap of $367.88, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.19 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16. Sierra Bancorp has a 1-year low of $17.34 and a 1-year high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.97%. The firm had revenue of $24.35 million for the quarter, compared to analyst estimates of $23.90 million. equities research analysts predict that Sierra Bancorp will post 1.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, November 1st. Sierra Bancorp’s payout ratio is 37.33%.

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. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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