Shares of Sierra Bancorp (NASDAQ:BSRR) have received a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.00.

A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Zacks Investment Research lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. BidaskClub upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Hovde Group restated a “buy” rating on shares of Sierra Bancorp in a research note on Monday, January 28th.

BSRR traded up $0.50 during mid-day trading on Wednesday, reaching $23.67. 2,738 shares of the company traded hands, compared to its average volume of 29,688. The firm has a market cap of $355.00 million, a PE ratio of 12.29, a P/E/G ratio of 1.35 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. Sierra Bancorp has a 52-week low of $22.67 and a 52-week high of $31.18.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $29.32 million for the quarter, compared to analysts’ expectations of $29.53 million. Sierra Bancorp had a net margin of 24.09% and a return on equity of 11.29%. As a group, research analysts forecast that Sierra Bancorp will post 2.15 EPS for the current fiscal year.

In related news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction dated Thursday, January 31st. The stock was purchased at an average cost of $26.79 per share, for a total transaction of $26,790.00. Following the purchase, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $509,010. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin J. Mcphaill sold 15,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $27.27, for a total value of $409,050.00. Following the completion of the sale, the chief executive officer now owns 23,076 shares of the company’s stock, valued at $629,282.52. The disclosure for this sale can be found here. Insiders bought a total of 16,500 shares of company stock valued at $443,570 over the last 90 days. 10.21% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of BSRR. FMR LLC increased its stake in shares of Sierra Bancorp by 75.6% in the 3rd quarter. FMR LLC now owns 270,094 shares of the financial services provider’s stock worth $7,805,000 after purchasing an additional 116,309 shares in the last quarter. BlackRock Inc. boosted its holdings in Sierra Bancorp by 7.4% in the 3rd quarter. BlackRock Inc. now owns 1,019,291 shares of the financial services provider’s stock worth $29,458,000 after buying an additional 70,258 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Sierra Bancorp by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,074,900 shares of the financial services provider’s stock worth $31,065,000 after buying an additional 34,719 shares during the period. Renaissance Technologies LLC boosted its holdings in Sierra Bancorp by 10.4% in the 3rd quarter. Renaissance Technologies LLC now owns 348,655 shares of the financial services provider’s stock worth $10,076,000 after buying an additional 32,755 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Sierra Bancorp by 46.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,800 shares of the financial services provider’s stock worth $2,206,000 after buying an additional 28,925 shares during the period. Hedge funds and other institutional investors own 52.61% of the company’s stock.

Sierra Bancorp Company Profile

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.

Recommended Story: What are the reasons investors use put options?

Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.