Bank of New York Mellon Corp Has $1,320,000 Position in Sierra Bancorp (BSRR)
Bank of New York Mellon Corp boosted its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,077 shares of the financial services provider’s stock after buying an additional 8,829 shares during the period. Bank of New York Mellon Corp owned 0.60% of Sierra Bancorp worth $1,320,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of BSRR. Foundry Partners LLC increased its stake in Sierra Bancorp by 9.5% in the second quarter. Foundry Partners LLC now owns 127,045 shares of the financial services provider’s stock worth $2,120,000 after buying an additional 10,995 shares during the period. Geode Capital Management LLC increased its position in Sierra Bancorp by 5.4% in the first quarter. Geode Capital Management LLC now owns 62,354 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 3,205 shares during the period. State Street Corp increased its position in Sierra Bancorp by 1.7% in the first quarter. State Street Corp now owns 184,319 shares of the financial services provider’s stock valued at $3,345,000 after buying an additional 3,071 shares during the period. Finally, Strs Ohio increased its position in Sierra Bancorp by 9.3% in the second quarter. Strs Ohio now owns 35,200 shares of the financial services provider’s stock valued at $587,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 49.30% of the company’s stock.
Shares of Sierra Bancorp (NASDAQ:BSRR) traded up 0.9610% on Wednesday, reaching $18.8999. 1,183 shares of the company traded hands. The company has a market capitalization of $262.41 million, a PE ratio of 14.0834 and a beta of 0.87. Sierra Bancorp has a 52-week low of $15.61 and a 52-week high of $21.70. The firm has a 50-day moving average of $18.35 and a 200-day moving average of $17.64.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, July 25th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. Sierra Bancorp had a return on equity of 9.30% and a net margin of 21.94%. On average, equities research analysts forecast that Sierra Bancorp will post $1.29 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.20.
In related news, Director Robert L. Fields sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $18.22, for a total transaction of $637,700.00. Following the completion of the transaction, the director now directly owns 423,663 shares in the company, valued at approximately $7,719,139.86. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert L. Fields sold 3,515 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $18.22, for a total value of $64,043.30. Following the transaction, the director now owns 458,663 shares of the company’s stock, valued at $8,356,839.86. The disclosure for this sale can be found here. Corporate 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. The Bank operates approximately 30 branch offices, an online branch, a real estate industries group, an agricultural credit division, a Small Business Administration (SBA) lending unit and a loan production office.
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