BidaskClub downgraded shares of Sierra Bancorp (NASDAQ:BSRR) from a hold rating to a sell rating in a research note published on Friday morning.

A number of other research analysts have also recently weighed in on the stock. Sandler O’Neill raised shares of Sierra Bancorp from a hold rating to a buy rating and set a $30.00 price objective for the company in a research note on Tuesday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Sierra Bancorp from a hold rating to a buy rating and set a $33.00 price objective for the company in a research note on Monday, September 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Sierra Bancorp currently has a consensus rating of Hold and an average target price of $31.25.

Shares of BSRR opened at $26.69 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.82. Sierra Bancorp has a 1-year low of $25.42 and a 1-year high of $31.18. The company has a market cap of $407.76 million, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). Sierra Bancorp had a return on equity of 11.03% and a net margin of 21.44%. The business had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $28.75 million. As a group, sell-side analysts expect that Sierra Bancorp will post 1.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.40%. Sierra Bancorp’s dividend payout ratio (DPR) is 41.29%.

In other Sierra Bancorp news, Director James C. Holly sold 2,500 shares of Sierra Bancorp stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $28.27, for a total value of $70,675.00. Following the completion of the sale, the director now directly owns 390,676 shares of the company’s stock, valued at approximately $11,044,410.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.21% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 34,719 shares during the period. BlackRock Inc. grew its stake 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 acquiring an additional 70,258 shares during the period. Vanguard Group Inc. grew its stake in Sierra Bancorp by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 516,435 shares of the financial services provider’s stock worth $14,925,000 after acquiring an additional 3,412 shares during the period. Northern Trust Corp grew its stake in Sierra Bancorp by 3.7% in the 2nd quarter. Northern Trust Corp now owns 458,960 shares of the financial services provider’s stock worth $12,961,000 after acquiring an additional 16,494 shares during the period. Finally, Renaissance Technologies LLC grew its stake 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 acquiring an additional 32,755 shares during the period. 51.45% of the stock is owned by hedge funds and other institutional investors.

About Sierra Bancorp

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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