BidaskClub upgraded shares of Sierra Bancorp (NASDAQ:BSRR) from a sell rating to a hold rating in a report issued on Thursday, BidAskClub reports.

Several other equities research analysts have also commented on BSRR. Zacks Investment Research upgraded Sierra Bancorp from a sell rating to a hold rating in a research note on Monday. Raymond James dropped their price target on Sierra Bancorp from $29.00 to $28.00 and set an outperform rating for the company in a research note on Thursday, August 29th. Finally, ValuEngine lowered Sierra Bancorp from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Sierra Bancorp currently has a consensus rating of Hold and a consensus target price of $29.00.

NASDAQ:BSRR traded down $0.07 on Thursday, hitting $26.78. 4,971 shares of the stock were exchanged, compared to its average volume of 22,656. The stock has a market cap of $395.73 million, a PE ratio of 13.95, a PEG ratio of 1.44 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $25.03 and a 200-day moving average of $25.59. Sierra Bancorp has a fifty-two week low of $22.67 and a fifty-two week high of $31.02.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The company had revenue of $30.05 million during the quarter, compared to analyst estimates of $30.03 million. Sierra Bancorp had a return on equity of 11.71% and a net margin of 24.91%. As a group, analysts predict that Sierra Bancorp will post 2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.84%. Sierra Bancorp’s dividend payout ratio is currently 39.58%.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its stake in shares of Sierra Bancorp by 508.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,953 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,468 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Sierra Bancorp in the second quarter valued at about $253,000. Gradient Investments LLC acquired a new stake in shares of Sierra Bancorp in the second quarter valued at about $271,000. Pacific Wealth Strategies Group Inc. grew its stake in shares of Sierra Bancorp by 14.2% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 10,031 shares of the financial services provider’s stock valued at $272,000 after buying an additional 1,250 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Sierra Bancorp in the second quarter valued at about $338,000. Institutional investors own 53.84% of the company’s stock.

Sierra Bancorp Company 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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

Further Reading: What does an equal weight rating mean?

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