Vanguard Group Inc. raised its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 22.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 455,718 shares of the financial services provider’s stock after buying an additional 83,492 shares during the period. Vanguard Group Inc. owned 3.30% of Sierra Bancorp worth $12,500,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in Sierra Bancorp by 64.3% in the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock worth $10,667,000 after buying an additional 152,200 shares during the period. Wellington Management Group LLP increased its stake in Sierra Bancorp by 143.4% in the first quarter. Wellington Management Group LLP now owns 758,673 shares of the financial services provider’s stock worth $20,811,000 after buying an additional 446,962 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Sierra Bancorp by 206.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,580 shares of the financial services provider’s stock worth $894,000 after buying an additional 21,941 shares during the period. American International Group Inc. increased its stake in Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after buying an additional 478 shares during the period. Finally, Martingale Asset Management L P increased its stake in Sierra Bancorp by 17.7% in the first quarter. Martingale Asset Management L P now owns 99,035 shares of the financial services provider’s stock worth $2,717,000 after buying an additional 14,903 shares during the period. Institutional investors own 53.13% of the company’s stock.

Shares of Sierra Bancorp (BSRR) traded up 0.68% during trading on Wednesday, reaching $25.25. 1,023 shares of the company were exchanged. Sierra Bancorp has a one year low of $17.25 and a one year high of $29.50. The firm’s 50 day moving average price is $25.51 and its 200 day moving average price is $26.01. The company has a market capitalization of $349.41 million, a PE ratio of 18.31 and a beta of 0.86.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.23%. The ex-dividend date was Tuesday, August 1st. Sierra Bancorp’s dividend payout ratio (DPR) is 40.88%.

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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 “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, August 22nd. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Hovde Group lifted their price objective 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. upgraded shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $27.95.

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

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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