Sierra Bancorp (NASDAQ:BSRR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, July 11th. DA Davidson raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, May 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price target on shares of Sierra Bancorp in a report on Friday, July 14th. Hovde Group boosted their price target on shares of Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.75.

Shares of Sierra Bancorp (BSRR) opened at 25.04 on Friday. The stock has a market capitalization of $346.50 million, a P/E ratio of 18.16 and a beta of 0.86. The stock has a 50 day moving average of $25.22 and a 200-day moving average of $26.14. Sierra Bancorp has a 1-year low of $17.25 and a 1-year high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. Equities research analysts predict that Sierra Bancorp will post $1.52 earnings per share for the current fiscal year.

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In other Sierra Bancorp news, Director Robert L. Fields sold 2,465 shares of Sierra Bancorp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total transaction of $66,875.45. Following the transaction, the director now owns 410,078 shares of the company’s stock, valued at approximately $11,125,416.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Fields sold 9,600 shares of Sierra Bancorp stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $27.14, for a total value of $260,544.00. Following the transaction, the director now directly owns 412,543 shares in the company, valued at approximately $11,196,417.02. The disclosure for this sale can be found here. Insiders sold a total of 12,165 shares of company stock worth $330,119 in the last three months. 15.24% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Sierra Bancorp by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 905,877 shares of the financial services provider’s stock valued at $22,239,000 after buying an additional 29,524 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sierra Bancorp by 9.7% in the second quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock valued at $12,274,000 after buying an additional 44,242 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Sierra Bancorp by 4.3% in the second quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock valued at $10,763,000 after buying an additional 18,165 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Sierra Bancorp during the second quarter valued at approximately $234,000. Finally, Context BH Capital Management LP boosted its stake in shares of Sierra Bancorp by 10.7% in the second quarter. Context BH Capital Management LP now owns 58,573 shares of the financial services provider’s stock valued at $1,438,000 after buying an additional 5,649 shares during the last quarter. 54.23% of the stock is currently owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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