13,303 Shares in Sierra Bancorp (NASDAQ:BSRR) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Sierra Bancorp (NASDAQ:BSRR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Sierra Bancorp by 3.6% during the third quarter. State Street Corp now owns 321,257 shares of the financial services provider's stock worth $9,278,000 after buying an additional 11,095 shares in the last quarter. FMR LLC grew its holdings in shares of Sierra Bancorp by 12.5% during the third 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 in the last quarter. Foundry Partners LLC grew its holdings in shares of Sierra Bancorp by 19.2% during the third quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider's stock worth $5,111,000 after buying an additional 28,495 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Sierra Bancorp during the third quarter worth about $2,818,000. Finally, Empowered Funds LLC grew its holdings in shares of Sierra Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 78,761 shares of the financial services provider's stock worth $2,278,000 after buying an additional 3,767 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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Sierra Bancorp Trading Up 1.9 %

Shares of BSRR traded up $0.52 during mid-day trading on Friday, hitting $28.56. The company had a trading volume of 29,887 shares, compared to its average volume of 46,063. The business's 50-day simple moving average is $29.79 and its 200-day simple moving average is $29.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a 1-year low of $17.69 and a 1-year high of $35.13. The stock has a market cap of $398.81 million, a PE ratio of 10.16 and a beta of 0.89.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share for the quarter, meeting analysts' consensus estimates of $0.72. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%. Sell-side analysts forecast that Sierra Bancorp will post 2.95 earnings per share for the current year.

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.50%. This is a boost from Sierra Bancorp's previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 3rd. Sierra Bancorp's payout ratio is 35.59%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BSRR shares. StockNews.com raised shares of Sierra Bancorp from a "hold" rating to a "buy" rating in a research report on Monday. Keefe, Bruyette & Woods raised their target price 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.

Insider Transactions at Sierra Bancorp

In other news, Director Julie G. Castle sold 1,104 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $32.00, for a total transaction of $35,328.00. Following the transaction, the director now directly owns 4,157 shares of the company's stock, valued at approximately $133,024. The trade was a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Olague sold 3,563 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $31.15, for a total transaction of $110,987.45. Following the transaction, the executive vice president now directly owns 12,409 shares in the company, valued at approximately $386,540.35. The trade was a 22.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,668 shares of company stock valued at $146,346. Corporate insiders own 11.63% 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.