Sierra Bancorp (BSRR) Shares Bought by Fmr LLC

FMR LLC increased its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 64.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,869 shares of the financial services provider’s stock after buying an additional 152,200 shares during the period. FMR LLC owned 2.81% of Sierra Bancorp worth $10,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake in shares of Sierra Bancorp by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock valued at $516,000 after buying an additional 1,300 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sierra Bancorp by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 91,748 shares of the financial services provider’s stock valued at $2,516,000 after buying an additional 2,486 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Sierra Bancorp by 143.4% in the first quarter. Wellington Management Group LLP now owns 758,673 shares of the financial services provider’s stock valued at $20,811,000 after buying an additional 446,962 shares during the last quarter. Oxford Asset Management purchased a new stake in shares of Sierra Bancorp during the first quarter valued at about $490,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Sierra Bancorp by 206.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,580 shares of the financial services provider’s stock valued at $894,000 after buying an additional 21,941 shares during the last quarter. Institutional investors own 53.92% of the company’s stock.

Sierra Bancorp (NASDAQ:BSRR) traded down 0.04% during trading on Friday, reaching $25.39. The company had a trading volume of 38,550 shares. The firm has a market capitalization of $351.35 million, a P/E ratio of 18.41 and a beta of 0.86. Sierra Bancorp has a one year low of $17.25 and a one year high of $29.50. The firm’s 50-day moving average price is $25.46 and its 200 day moving average price is $26.06.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.21%. Sierra Bancorp’s payout ratio is 40.88%.

TRADEMARK VIOLATION NOTICE: This report was posted by BNB Daily and is owned by of BNB Daily. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/sierra-bancorp-bsrr-stake-increased-by-fmr-llc-updated-updated-updated.html.

Several brokerages have issued reports on BSRR. ValuEngine upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub upgraded Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Hovde Group lifted their price target on Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a research report on Friday, July 28th. 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 research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 price target on shares of Sierra Bancorp in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.75.

In related news, Director Robert L. Fields sold 9,600 shares of Sierra Bancorp stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.14, for a total value of $260,544.00. Following the completion of the transaction, the director now owns 412,543 shares in the company, valued at $11,196,417.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Fields sold 2,465 shares of Sierra Bancorp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total value of $66,875.45. Following the completion of the transaction, the director now owns 410,078 shares of the company’s stock, valued at approximately $11,125,416.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,165 shares of company stock valued at $330,119. Company insiders own 15.24% of the company’s stock.

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.

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

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.

Latest News

Leave a Reply