Banc Funds Co. LLC Has $10.67 Million Stock Holdings in Sierra Bancorp (NASDAQ:BSRR)

Banc Funds Co. LLC lowered its stake in Sierra Bancorp (NASDAQ:BSRR - Free Report) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,283 shares of the financial services provider's stock after selling 61,145 shares during the quarter. Banc Funds Co. LLC owned approximately 2.57% of Sierra Bancorp worth $10,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BSRR. Segall Bryant & Hamill LLC purchased a new position in Sierra Bancorp in the 3rd quarter worth about $1,146,000. Foundry Partners LLC increased its stake in Sierra Bancorp by 19.2% in the 3rd quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider's stock worth $5,111,000 after purchasing an additional 28,495 shares in the last quarter. FMR LLC boosted its position in Sierra Bancorp by 12.5% during the 3rd quarter. FMR LLC now owns 194,573 shares of the financial services provider's stock worth $5,619,000 after acquiring an additional 21,558 shares during the period. Assenagon Asset Management S.A. boosted its position in Sierra Bancorp by 24.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider's stock worth $2,137,000 after acquiring an additional 14,335 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Sierra Bancorp by 85.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,241 shares of the financial services provider's stock worth $758,000 after acquiring an additional 12,077 shares during the period. Hedge funds and other institutional investors own 55.40% of the company's stock.

Sierra Bancorp Stock Up 0.6 %

NASDAQ BSRR traded up $0.19 during trading on Monday, reaching $31.66. 19,496 shares of the company's stock were exchanged, compared to its average volume of 32,587. The firm has a market capitalization of $455.59 million, a PE ratio of 12.49 and a beta of 0.89. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The company's fifty day simple moving average is $29.71 and its 200-day simple moving average is $26.86.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%. The business had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million. Sell-side analysts predict that Sierra Bancorp will post 2.79 EPS for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, October 31st. Sierra Bancorp's dividend payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sierra Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th.

Insiders Place Their Bets

In other news, Director James C. Holly sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now directly owns 313,370 shares in the company, valued at approximately $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Albert L. Berra sold 2,540 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the sale, the director now owns 150,063 shares in the company, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,056 shares of company stock valued at $244,741 in the last three months. Company insiders own 11.86% 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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.