GSA Capital Partners LLP grew its holdings in Sierra Bancorp (NASDAQ:BSRR) by 170.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 25,850 shares of the financial services provider’s stock after buying an additional 16,300 shares during the period. GSA Capital Partners LLP owned 0.17% of Sierra Bancorp worth $702,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Sierra Bancorp during the second quarter worth about $118,000. SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp during the third quarter worth about $148,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 800 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sierra Bancorp during the third quarter worth about $204,000. Finally, Wells Fargo & Company MN increased its stake in shares of Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 196 shares during the period. 49.24% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. BidaskClub lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, December 26th. FIG Partners assumed coverage on shares of Sierra Bancorp in a research note on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price target on the stock. ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.79.
In other Sierra Bancorp news, Director Robb Evans purchased 1,000 shares of the stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at $416,000. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Gordon T. Woods sold 3,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.50, for a total transaction of $85,500.00. The disclosure for this sale can be found here. Corporate insiders own 20.77% of the company’s stock.
Sierra Bancorp (BSRR) opened at $27.71 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Sierra Bancorp has a 1 year low of $23.10 and a 1 year high of $29.50. The firm has a market cap of $421.71, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.80.
Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. The company had revenue of $24.35 million for the quarter, compared to analyst estimates of $23.90 million. equities analysts anticipate that Sierra Bancorp will post 1.52 EPS for the current fiscal year.
Sierra Bancorp Company Profile
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.
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