Segall Bryant & Hamill LLC Buys Shares of 39,697 Sierra Bancorp (NASDAQ:BSRR)

Segall Bryant & Hamill LLC bought a new stake in shares of Sierra Bancorp (NASDAQ:BSRR) in the 3rd quarter, Holdings Channel.com reports. The fund bought 39,697 shares of the financial services provider’s stock, valued at approximately $1,146,000.

Several other hedge funds have also recently added to or reduced their stakes in BSRR. Financial Management Professionals Inc. purchased a new position in Sierra Bancorp during the 3rd quarter valued at about $29,000. Lazard Asset Management LLC grew its holdings in shares of Sierra Bancorp by 45.7% during the first quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock worth $61,000 after buying an additional 957 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Sierra Bancorp during the first quarter worth about $94,000. SG Americas Securities LLC purchased a new stake in shares of Sierra Bancorp during the third quarter worth about $142,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of Sierra Bancorp by 8.2% during the second quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock worth $268,000 after buying an additional 904 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the transaction, the director now directly owns 150,063 shares of the company’s stock, valued at $4,838,031.12. The trade was a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Holly sold 5,000 shares of Sierra Bancorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the transaction, the director now directly owns 313,370 shares in the company, valued at approximately $9,081,462.60. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,056 shares of company stock valued at $244,741 over the last ninety days. Corporate insiders own 11.86% of the company’s stock.

Sierra Bancorp Price Performance

BSRR opened at $32.39 on Friday. The company’s 50 day simple moving average is $29.59 and its 200 day simple moving average is $26.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. Sierra Bancorp has a 1 year low of $17.69 and a 1 year high of $35.13. The stock has a market capitalization of $466.09 million, a PE ratio of 12.85 and a beta of 0.89.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. The business had revenue of $52.59 million for the quarter, compared to analysts’ expectations of $38.30 million. As a group, sell-side analysts expect that Sierra Bancorp will post 2.79 EPS for the current year.

Sierra Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 2.96%. Sierra Bancorp’s dividend payout ratio (DPR) is 38.10%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th.

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