Sierra Bancorp (BSRR) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its stake in Sierra Bancorp (NASDAQ:BSRR) by 3.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 905,877 shares of the financial services provider’s stock after purchasing an additional 29,524 shares during the quarter. Dimensional Fund Advisors LP owned 6.55% of Sierra Bancorp worth $22,239,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. boosted its position in shares of Sierra Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 478 shares during the period. Trexquant Investment LP acquired a new position in shares of Sierra Bancorp in the 2nd quarter valued at $204,000. Wells Fargo & Company MN boosted its position in shares of Sierra Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 196 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Sierra Bancorp in the 2nd quarter valued at $234,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Sierra Bancorp by 175.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,400 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 12,350 shares during the period. Institutional investors and hedge funds own 53.18% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. DA Davidson lowered Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. ValuEngine upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, BidaskClub upgraded Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.15.
In other Sierra Bancorp news, Director Robb Evans acquired 1,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the transaction, the director now owns 16,000 shares of the company’s stock, valued at approximately $416,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 15.24% of the company’s stock.
Shares of Sierra Bancorp (NASDAQ BSRR) opened at $25.28 on Wednesday. Sierra Bancorp has a 1 year low of $17.60 and a 1 year high of $29.50. The company has a market capitalization of $362.76, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.16 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.76.
Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Sierra Bancorp had a return on equity of 9.97% and a net margin of 21.59%. The firm had revenue of $24.35 million during the quarter, compared to analyst estimates of $23.90 million. equities analysts predict that Sierra Bancorp will post 1.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.22%. Sierra Bancorp’s payout ratio is presently 37.33%.
Sierra Bancorp Company Profile
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.
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