Los Angeles Capital Management LLC Has $984,000 Holdings in Sierra Bancorp (NASDAQ:BSRR)

Los Angeles Capital Management LLC increased its position in Sierra Bancorp (NASDAQ:BSRR) by 20.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,620 shares of the financial services provider’s stock after purchasing an additional 7,260 shares during the period. Los Angeles Capital Management LLC owned about 0.30% of Sierra Bancorp worth $984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bfsg LLC acquired a new stake in shares of Sierra Bancorp in the fourth quarter worth $122,000. SG Americas Securities LLC acquired a new stake in Sierra Bancorp during the 3rd quarter worth about $120,000. Assenagon Asset Management S.A. boosted its position in Sierra Bancorp by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 52,829 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 1,095 shares during the period. Finally, Private Management Group Inc. grew its stake in Sierra Bancorp by 4.0% during the 3rd quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider’s stock valued at $12,394,000 after acquiring an additional 25,256 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Michael Olague sold 4,753 shares of Sierra Bancorp stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $22.29, for a total value of $105,944.37. Following the completion of the sale, the executive vice president now owns 31,353 shares of the company’s stock, valued at approximately $698,858.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.86% of the company’s stock.

Sierra Bancorp Stock Up 3.9 %

Shares of Sierra Bancorp stock opened at $22.60 on Friday. The stock has a 50-day simple moving average of $19.28 and a 200-day simple moving average of $19.69. Sierra Bancorp has a 52-week low of $15.08 and a 52-week high of $23.21. The firm has a market cap of $331.04 million, a price-to-earnings ratio of 9.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, April 29th. Sierra Bancorp’s dividend payout ratio is 38.02%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Janney Montgomery Scott raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $24.00 to $23.00 in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods cut their target price on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd.

About Sierra Bancorp

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.