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

A number of other research firms have also recently weighed in on BSRR. Raymond James decreased their price objective on Sierra Bancorp from $29.00 to $28.00 and set an outperform rating for the company in a research report on Thursday, August 29th. ValuEngine raised Sierra Bancorp from a sell rating to a hold rating in a research report on Friday, October 4th. Finally, Zacks Investment Research cut Sierra Bancorp from a buy rating to a hold rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $29.50.

Sierra Bancorp stock traded down $0.11 during mid-day trading on Thursday, reaching $28.58. 30,017 shares of the company were exchanged, compared to its average volume of 27,737. Sierra Bancorp has a twelve month low of $22.67 and a twelve month high of $28.85. The firm’s 50-day simple moving average is $27.35 and its two-hundred day simple moving average is $26.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $438.75 million, a PE ratio of 14.89 and a beta of 0.91.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Sierra Bancorp had a return on equity of 11.95% and a net margin of 25.98%. The company had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $29.82 million. As a group, equities research analysts anticipate that Sierra Bancorp will post 2.28 EPS for the current year.

In other news, EVP James F. Gardunio sold 3,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $27.77, for a total value of $87,808.74. Following the completion of the sale, the executive vice president now directly owns 838 shares of the company’s stock, valued at approximately $23,271.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Taylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $28.39, for a total value of $141,950.00. Following the completion of the sale, the executive vice president now directly owns 38,000 shares of the company’s stock, valued at $1,078,820. The disclosure for this sale can be found here. Insiders sold a total of 13,162 shares of company stock valued at $363,809 over the last three months. Insiders own 10.34% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BSRR. BlackRock Inc. lifted its holdings in shares of Sierra Bancorp by 4.5% in the 2nd quarter. BlackRock Inc. now owns 1,076,203 shares of the financial services provider’s stock valued at $29,185,000 after buying an additional 46,380 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Sierra Bancorp in the 3rd quarter valued at approximately $491,000. Acadian Asset Management LLC lifted its holdings in shares of Sierra Bancorp by 124.8% in the 2nd quarter. Acadian Asset Management LLC now owns 32,197 shares of the financial services provider’s stock valued at $873,000 after buying an additional 17,877 shares during the period. H D Vest Advisory Services acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $345,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $338,000. 54.49% of the stock is owned by institutional investors and hedge funds.

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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