Foundry Partners LLC decreased its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 167,455 shares of the financial services provider’s stock after selling 5,185 shares during the quarter. Foundry Partners LLC’s holdings in Sierra Bancorp were worth $4,839,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BSRR. Wells Fargo & Company MN grew its holdings in shares of Sierra Bancorp by 11.6% during the first quarter. Wells Fargo & Company MN now owns 19,081 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 1,987 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Sierra Bancorp by 28.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 27,300 shares of the financial services provider’s stock worth $728,000 after purchasing an additional 6,100 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Sierra Bancorp by 6.6% during the first quarter. BlackRock Inc. now owns 861,346 shares of the financial services provider’s stock worth $22,946,000 after buying an additional 53,510 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Sierra Bancorp by 27.5% during the first quarter. New York State Common Retirement Fund now owns 15,300 shares of the financial services provider’s stock worth $408,000 after buying an additional 3,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Sierra Bancorp by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,002,535 shares of the financial services provider’s stock worth $26,708,000 after buying an additional 37,009 shares during the last quarter. 51.91% of the stock is currently owned by institutional investors.

NASDAQ BSRR opened at $26.95 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. Sierra Bancorp has a 52-week low of $24.32 and a 52-week high of $31.18. The stock has a market cap of $411.19 million, a P/E ratio of 14.88, a P/E/G ratio of 1.71 and a beta of 0.67.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Sierra Bancorp had a return on equity of 10.98% and a net margin of 21.45%. The firm had revenue of $28.23 million for the quarter, compared to analyst estimates of $27.43 million. Analysts predict that Sierra Bancorp will post 1.97 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 8th. BidaskClub raised Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Hovde Group reissued a “buy” rating and set a $32.00 price target on shares of Sierra Bancorp in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Sierra Bancorp presently has a consensus rating of “Hold” and an average price target of $31.00.

In related news, EVP James F. Gardunio sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $30.22, for a total value of $60,440.00. Following the completion of the sale, the executive vice president now owns 2,000 shares in the company, valued at $60,440. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average price of $29.98 per share, with a total value of $29,980.00. Following the transaction, the director now owns 16,000 shares of the company’s stock, valued at $479,680. The disclosure for this purchase can be found here. In the last three months, insiders have sold 9,301 shares of company stock worth $275,320. Corporate insiders own 10.21% 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.

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

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