Context BH Capital Management LP increased its position in Sierra Bancorp (NASDAQ:BSRR) by 59.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 89,477 shares of the financial services provider’s stock after acquiring an additional 33,505 shares during the quarter. Context BH Capital Management LP owned about 0.59% of Sierra Bancorp worth $2,377,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BSRR. Ford Financial Group Inc. purchased a new stake in Sierra Bancorp in the 4th quarter worth about $106,000. SG Americas Securities LLC purchased a new stake in Sierra Bancorp in the 3rd quarter worth about $148,000. Dynamic Technology Lab Private Ltd purchased a new stake in Sierra Bancorp in the 3rd quarter worth about $204,000. Wells Fargo & Company MN increased its holdings in Sierra Bancorp by 2.4% in the 2nd 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 last quarter. Finally, Virtu Financial LLC purchased a new stake in Sierra Bancorp in the 4th quarter worth about $215,000. 52.05% of the stock is owned by institutional investors.
Sierra Bancorp (BSRR) traded up $0.08 during trading hours on Tuesday, reaching $28.20. The company had a trading volume of 5,260 shares, compared to its average volume of 24,080. The company has a market cap of $427.02, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 1.77 and a beta of 0.78. Sierra Bancorp has a one year low of $23.10 and a one year high of $28.87. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a return on equity of 10.34% and a net margin of 19.02%. The company had revenue of $27.91 million during the quarter, compared to the consensus estimate of $26.90 million. research analysts anticipate that Sierra Bancorp will post 1.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a $0.16 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $0.64 annualized dividend and a yield of 2.27%. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.14. Sierra Bancorp’s payout ratio is presently 47.06%.
In related news, Director Robb Evans acquired 1,000 shares of the stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the completion of the transaction, the director now owns 16,200 shares of the company’s stock, valued at approximately $449,712. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 20.77% of the company’s stock.
Several equities research analysts recently weighed in on the company. BidaskClub raised Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. FIG Partners started coverage on Sierra Bancorp in a report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 target price for the company. Hovde Group set a $30.00 target price on Sierra Bancorp and gave the company a “hold” rating in a report on Monday, February 5th. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Tuesday, December 26th. Finally, ValuEngine lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.17.
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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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