Kennedy Capital Management Inc. lessened its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,584 shares of the financial services provider’s stock after selling 20,628 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.33% of Sierra Bancorp worth $1,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position 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 valued at $24,038,000 after buying an additional 48,508 shares during the period. Wellington Management Group LLP grew its position in Sierra Bancorp by 143.4% during 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 period. Vanguard Group Inc. grew its position 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 valued at $12,500,000 after buying an additional 83,492 shares during the period. FMR LLC grew its position in Sierra Bancorp by 64.3% during the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock valued at $10,667,000 after buying an additional 152,200 shares during the period. Finally, Renaissance Technologies LLC grew its position 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 valued at $5,886,000 after buying an additional 64,905 shares during the period. Institutional investors own 53.13% of the company’s stock.

Shares of Sierra Bancorp (NASDAQ BSRR) opened at 25.57 on Thursday. Sierra Bancorp has a 12 month low of $17.25 and a 12 month high of $29.50. The stock has a 50 day moving average of $25.60 and a 200 day moving average of $25.63. The firm has a market cap of $353.84 million, a price-to-earnings ratio of 18.54 and a beta of 0.88.

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

In other news, Director Robert L. Fields sold 9,600 shares of the stock in a transaction dated Monday, July 31st. The shares were 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 approximately $11,196,417.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Fields sold 2,465 shares of the 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 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. Insiders sold a total of 12,165 shares of company stock valued at $330,119 in the last quarter. Insiders own 15.24% of the company’s stock.

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Several research firms recently commented on BSRR. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, September 15th. ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Hovde Group lifted their target price on shares of Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.95.

Sierra Bancorp 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.

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

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