Proficio Capital Partners LLC Invests $385,000 in Sierra Bancorp (NASDAQ:BSRR)

Proficio Capital Partners LLC acquired a new stake in shares of Sierra Bancorp (NASDAQ:BSRR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,303 shares of the financial services provider's stock, valued at approximately $385,000. Proficio Capital Partners LLC owned approximately 0.09% of Sierra Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Zacks Investment Management acquired a new position in shares of Sierra Bancorp during the third quarter worth $2,818,000. FMR LLC grew its stake 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 buying an additional 21,558 shares during the last quarter. JPMorgan Chase & Co. increased its position in Sierra Bancorp by 40.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,858 shares of the financial services provider's stock valued at $1,902,000 after buying an additional 19,025 shares in the last quarter. Barclays PLC raised its stake in Sierra Bancorp by 301.7% in the third quarter. Barclays PLC now owns 16,896 shares of the financial services provider's stock valued at $488,000 after buying an additional 12,690 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Sierra Bancorp by 85.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,241 shares of the financial services provider's stock valued at $758,000 after buying an additional 12,077 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

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Sierra Bancorp Stock Performance

Sierra Bancorp stock traded down $0.72 during trading hours on Friday, hitting $28.23. 17,292 shares of the stock traded hands, compared to its average volume of 37,771. The firm's 50 day moving average price is $29.79 and its 200-day moving average price is $29.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $394.20 million, a price-to-earnings ratio of 10.05 and a beta of 0.89. Sierra Bancorp has a 1 year low of $17.70 and a 1 year high of $35.13.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last released its earnings results 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%. As a group, equities analysts expect that Sierra Bancorp will post 2.95 EPS for the current fiscal year.

Sierra Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. This is an increase from Sierra Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Monday, February 3rd. Sierra Bancorp's dividend payout ratio is 35.59%.

Insider Transactions at Sierra Bancorp

In other Sierra Bancorp news, EVP Michael Olague sold 3,563 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $31.15, for a total transaction of $110,987.45. Following the sale, the executive vice president now directly owns 12,409 shares of the company's stock, valued at approximately $386,540.35. This trade represents a 22.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie G. Castle sold 1,104 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $32.00, for a total value of $35,328.00. Following the completion of the transaction, the director now directly owns 4,157 shares of the company's stock, valued at approximately $133,024. This trade represents a 20.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,393 shares of company stock worth $166,994 over the last 90 days. 11.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BSRR has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com downgraded shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th.

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.