FIG Partners assumed coverage on shares of Sierra Bancorp (NASDAQ:BSRR) in a research note issued on Thursday, December 21st. The brokerage set a “market-perform” rating and a $30.00 price target on the financial services provider’s stock. FIG Partners’ price target would suggest a potential upside of 8.26% from the stock’s current price.
A number of other research analysts have also recently commented on the stock. BidaskClub cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. ValuEngine cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Zacks Investment Research raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, DA Davidson cut shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.79.
Shares of Sierra Bancorp (NASDAQ BSRR) opened at $27.71 on Thursday. The stock 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. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.76. Sierra Bancorp has a one year low of $23.10 and a one year high of $29.50.
Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. equities analysts predict that Sierra Bancorp will post 1.52 EPS for the current fiscal year.
In related news, Director Gordon T. Woods sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robb Evans acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $26.00 per share, with a total value of $26,000.00. Following the acquisition, the director now owns 16,000 shares in the company, valued at $416,000. The disclosure for this purchase can be found here. 20.77% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its holdings in Sierra Bancorp by 170.7% during the 3rd quarter. GSA Capital Partners LLP now owns 25,850 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 16,300 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sierra Bancorp by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock worth $25,484,000 after purchasing an additional 32,745 shares during the last quarter. Brown Advisory Inc. bought a new position in Sierra Bancorp during the 3rd quarter worth approximately $1,060,000. Wells Fargo & Company MN raised its holdings in Sierra Bancorp by 54.9% during the 3rd quarter. Wells Fargo & Company MN now owns 12,893 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 4,572 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Sierra Bancorp during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 49.24% of the company’s stock.
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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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