Martingale Asset Management L P trimmed its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 38.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,315 shares of the financial services provider’s stock after selling 37,720 shares during the quarter. Martingale Asset Management L P owned 0.44% of Sierra Bancorp worth $1,506,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BSRR. Teachers Advisors LLC increased its stake in shares of Sierra Bancorp by 7.2% during the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 1,300 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Sierra Bancorp by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 91,748 shares of the financial services provider’s stock worth $2,516,000 after acquiring an additional 2,486 shares during the period. Oxford Asset Management acquired a new position in shares of Sierra Bancorp during the first quarter worth about $490,000. American International Group Inc. increased its stake in shares of Sierra Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 478 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Sierra Bancorp by 206.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 32,580 shares of the financial services provider’s stock worth $894,000 after acquiring an additional 21,941 shares during the period. Institutional investors and hedge funds own 53.13% of the company’s stock.

Several research analysts have weighed in on BSRR shares. Zacks Investment Research lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 target price on shares of Sierra Bancorp in a research report on Friday, July 14th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Raymond James Financial, Inc. upgraded shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.95.

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Sierra Bancorp (BSRR) opened at 25.86 on Friday. The firm has a market capitalization of $357.85 million, a price-to-earnings ratio of 18.75 and a beta of 0.88. Sierra Bancorp has a 12 month low of $17.25 and a 12 month high of $29.50. The firm’s 50-day moving average is $25.60 and its 200 day moving average is $25.63.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.80 million. Equities analysts predict that Sierra Bancorp will post $1.52 earnings per share for the current year.

In other Sierra Bancorp news, Director Robert L. Fields sold 2,465 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total transaction of $66,875.45. Following the sale, the director now directly owns 410,078 shares in the company, valued at approximately $11,125,416.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Fields sold 9,600 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.14, for a total transaction of $260,544.00. Following the sale, the director now owns 412,543 shares in the company, valued at $11,196,417.02. The disclosure for this sale can be found here. Insiders have sold a total of 12,165 shares of company stock worth $330,119 over the last 90 days. 15.24% of the stock is owned by insiders.

About Sierra Bancorp

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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Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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