Macquarie Group Ltd. grew its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 270.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,233 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. Macquarie Group Ltd.’s holdings in Sierra Bancorp were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Sierra Bancorp by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,098,742 shares of the financial services provider’s stock worth $26,403,000 after acquiring an additional 23,842 shares during the last quarter. BlackRock Inc. boosted its holdings in Sierra Bancorp by 4.6% during the 4th quarter. BlackRock Inc. now owns 1,065,723 shares of the financial services provider’s stock worth $25,609,000 after acquiring an additional 46,432 shares during the last quarter. Vanguard Group Inc boosted its holdings in Sierra Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 516,435 shares of the financial services provider’s stock worth $14,925,000 after acquiring an additional 3,412 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sierra Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 516,435 shares of the financial services provider’s stock worth $14,925,000 after acquiring an additional 3,412 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Sierra Bancorp by 10.4% during the 3rd quarter. Renaissance Technologies LLC now owns 348,655 shares of the financial services provider’s stock worth $10,076,000 after acquiring an additional 32,755 shares during the last quarter. 52.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on BSRR shares. Hovde Group reaffirmed a “buy” rating on shares of Sierra Bancorp in a report on Monday, January 28th. BidaskClub raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Zacks Investment Research raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, ValuEngine downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.67.
In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of the stock in a transaction dated Thursday, January 31st. The shares were bought at an average cost of $26.79 per share, for a total transaction of $26,790.00. Following the purchase, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $509,010. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Olague bought 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $26.89 per share, for a total transaction of $403,350.00. The disclosure for this purchase can be found here. Insiders have bought a total of 16,500 shares of company stock worth $443,570 over the last quarter. Company insiders own 10.21% of the company’s stock.
BSRR opened at $24.45 on Friday. The firm has a market cap of $374.77 million, a price-to-earnings ratio of 12.67, a PEG ratio of 1.43 and a beta of 0.86. Sierra Bancorp has a 1 year low of $22.67 and a 1 year high of $31.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Tuesday, January 22nd. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The business had revenue of $29.32 million for the quarter, compared to the consensus estimate of $29.53 million. Sierra Bancorp had a return on equity of 11.29% and a net margin of 24.09%. On average, analysts expect that Sierra Bancorp will post 2.14 EPS for the current fiscal year.
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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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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