BidaskClub upgraded shares of Sierra Bancorp (NASDAQ:BSRR) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

BSRR has been the topic of a number of other research reports. Zacks Investment Research raised Sierra Bancorp from a sell rating to a hold rating in a report on Monday. Raymond James dropped their price objective on Sierra Bancorp from $29.00 to $28.00 and set an outperform rating on the stock in a report on Thursday, August 29th. Finally, ValuEngine lowered Sierra Bancorp from a hold rating to a sell rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $29.00.

Shares of NASDAQ:BSRR traded down $0.07 during trading on Thursday, reaching $26.78. The company had a trading volume of 4,971 shares, compared to its average volume of 22,656. The firm has a market capitalization of $395.73 million, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average price is $25.03 and its 200 day moving average price is $25.59. Sierra Bancorp has a fifty-two week low of $22.67 and a fifty-two week high of $31.02.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. Sierra Bancorp had a return on equity of 11.71% and a net margin of 24.91%. The firm had revenue of $30.05 million for the quarter, compared to analyst estimates of $30.03 million. On average, equities analysts anticipate that Sierra Bancorp will post 2.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Wednesday, July 31st. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.18. Sierra Bancorp’s dividend payout ratio is currently 39.58%.

A number of hedge funds have recently made changes to their positions in BSRR. BNP Paribas Arbitrage SA grew its holdings in Sierra Bancorp by 508.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,953 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,468 shares during the last quarter. Marshall Wace LLP acquired a new stake in Sierra Bancorp in the second quarter valued at $253,000. Gradient Investments LLC acquired a new stake in Sierra Bancorp in the second quarter valued at $271,000. Pacific Wealth Strategies Group Inc. grew its holdings in Sierra Bancorp by 14.2% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 10,031 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Sierra Bancorp in the second quarter valued at $338,000. 53.84% of the stock is currently owned by hedge funds and other institutional investors.

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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