Analysts’ Weekly Ratings Changes for Sierra Bancorp (BSRR)

A number of firms have modified their ratings and price targets on shares of Sierra Bancorp (NASDAQ: BSRR) recently:

  • 3/20/2019 – Sierra Bancorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/12/2019 – Sierra Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 3/9/2019 – Sierra Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/6/2019 – Sierra Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 2/28/2019 – Sierra Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 2/22/2019 – Sierra Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 2/13/2019 – Sierra Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 2/8/2019 – Sierra Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/30/2019 – Sierra Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/28/2019 – Sierra Bancorp had its “buy” rating reaffirmed by analysts at Hovde Group.
  • 1/21/2019 – Sierra Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “

Shares of NASDAQ BSRR opened at $24.28 on Thursday. The stock has a market capitalization of $386.57 million, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.88. Sierra Bancorp has a 52 week low of $22.93 and a 52 week high of $31.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 0.82.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $29.53 million. Sierra Bancorp had a net margin of 24.09% and a return on equity of 11.29%. As a group, equities research analysts expect that Sierra Bancorp will post 2.15 earnings per share for the current year.

In related news, CEO Kevin J. Mcphaill sold 15,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $27.27, for a total value of $409,050.00. Following the sale, the chief executive officer now directly owns 23,076 shares of the company’s stock, valued at approximately $629,282.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robb Evans acquired 1,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average cost of $26.79 per share, for a total transaction of $26,790.00. Following the completion of the purchase, the director now owns 19,000 shares in the company, valued at approximately $509,010. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 16,500 shares of company stock worth $443,570. 10.21% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in BSRR. Bank of Montreal Can boosted its stake in shares of Sierra Bancorp by 5,069.0% during the 3rd quarter. Bank of Montreal Can now owns 5,169 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 5,069 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Sierra Bancorp by 28.3% during the third quarter. First Trust Advisors LP now owns 43,408 shares of the financial services provider’s stock valued at $1,254,000 after purchasing an additional 9,571 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Sierra Bancorp during the third quarter valued at about $504,000. Martingale Asset Management L P raised its stake in shares of Sierra Bancorp by 5.1% during the third quarter. Martingale Asset Management L P now owns 87,832 shares of the financial services provider’s stock valued at $2,539,000 after purchasing an additional 4,301 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Sierra Bancorp by 7.4% during the third quarter. BlackRock Inc. now owns 1,019,291 shares of the financial services provider’s stock valued at $29,458,000 after purchasing an additional 70,258 shares in the last quarter. 52.75% of the stock is currently owned by institutional investors.

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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