Alliancebernstein L.P. Sells 29,815 Shares of Sierra Bancorp (BSRR)
Alliancebernstein L.P. lowered its holdings in shares of Sierra Bancorp (NASDAQ:BSRR) by 73.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,791 shares of the financial services provider’s stock after selling 29,815 shares during the period. Alliancebernstein L.P. owned 0.08% of Sierra Bancorp worth $265,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Sierra Bancorp by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 876,353 shares of the financial services provider’s stock worth $24,038,000 after purchasing an additional 48,508 shares during the period. Vanguard Group Inc. grew its holdings in Sierra Bancorp by 22.4% during the first quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock worth $12,500,000 after purchasing an additional 83,492 shares during the period. FMR LLC grew its holdings in Sierra Bancorp by 64.3% during the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock worth $10,667,000 after purchasing an additional 152,200 shares during the period. Renaissance Technologies LLC grew its holdings in Sierra Bancorp by 43.4% during the first quarter. Renaissance Technologies LLC now owns 214,600 shares of the financial services provider’s stock worth $5,886,000 after purchasing an additional 64,905 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Sierra Bancorp by 14.2% during the second quarter. JPMorgan Chase & Co. now owns 136,800 shares of the financial services provider’s stock worth $3,358,000 after purchasing an additional 16,996 shares during the period. Institutional investors and hedge funds own 53.18% of the company’s stock.
A number of equities analysts recently commented on BSRR shares. Zacks Investment Research cut Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price target on shares of Sierra Bancorp in a report on Friday, July 14th. Raymond James Financial, Inc. upgraded Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, July 25th. BidaskClub cut Sierra Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. 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 stock has a consensus rating of “Hold” and an average price target of $28.15.
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Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $25.20 on Friday. Sierra Bancorp has a 1-year low of $19.28 and a 1-year high of $29.50. The stock has a market capitalization of $383.36, a P/E ratio of 16.79, a PEG ratio of 2.08 and a beta of 0.80. 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 (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Sierra Bancorp had a return on equity of 9.87% and a net margin of 21.59%. The company had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.90 million. equities research analysts expect that Sierra Bancorp will post 1.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio is presently 37.33%.
In other news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $416,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.24% of the company’s stock.
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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