Private Management Group Inc. cut its position in Sierra Bancorp (NASDAQ:BSRR - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 583,796 shares of the financial services provider's stock after selling 57,533 shares during the period. Private Management Group Inc. owned 4.06% of Sierra Bancorp worth $16,883,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of Sierra Bancorp by 20.3% in the 4th quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider's stock worth $171,000 after acquiring an additional 997 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Sierra Bancorp in the 3rd quarter valued at $29,000. Jane Street Group LLC boosted its stake in Sierra Bancorp by 9.7% in the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider's stock worth $486,000 after purchasing an additional 1,484 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Sierra Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider's stock worth $2,166,000 after purchasing an additional 3,752 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of Sierra Bancorp by 21.6% in the third quarter. Martingale Asset Management L P now owns 36,184 shares of the financial services provider's stock valued at $1,045,000 after buying an additional 6,431 shares in the last quarter. 55.40% of the stock is owned by institutional investors.
Sierra Bancorp Trading Down 2.4 %
Shares of NASDAQ BSRR traded down $0.77 during midday trading on Friday, hitting $31.15. The stock had a trading volume of 36,770 shares, compared to its average volume of 47,576. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The firm has a market cap of $448.37 million, a P/E ratio of 11.09 and a beta of 0.92. The company's 50-day simple moving average is $29.91 and its 200 day simple moving average is $29.51.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.72 EPS for the quarter, hitting analysts' consensus estimates of $0.72. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%. Research analysts anticipate that Sierra Bancorp will post 2.95 EPS for the current year.
Sierra Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.25 dividend. This is a positive change from Sierra Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Monday, February 3rd. Sierra Bancorp's dividend payout ratio is currently 35.59%.
Wall Street Analyst Weigh In
BSRR has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th.
View Our Latest Research Report on BSRR
Insider Buying and Selling at Sierra Bancorp
In other Sierra Bancorp news, Director Julie G. Castle sold 1,104 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.00, for a total value of $35,328.00. Following the transaction, the director now owns 4,157 shares of the company's stock, valued at approximately $133,024. This represents a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.86% of the company's stock.
Sierra Bancorp Profile
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Free Report)
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.
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