Segall Bryant & Hamill LLC Acquires Shares of 39,697 Sierra Bancorp (NASDAQ:BSRR)

Segall Bryant & Hamill LLC purchased a new position in Sierra Bancorp (NASDAQ:BSRR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,697 shares of the financial services provider's stock, valued at approximately $1,146,000. Segall Bryant & Hamill LLC owned 0.28% of Sierra Bancorp at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC boosted its position in 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 period. Los Angeles Capital Management LLC lifted its stake in shares of Sierra Bancorp by 21.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider's stock valued at $1,329,000 after buying an additional 8,033 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Sierra Bancorp during the 3rd quarter valued at approximately $29,000. Assenagon Asset Management S.A. boosted its holdings in Sierra Bancorp by 24.0% in 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 buying an additional 14,335 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Sierra Bancorp in the 3rd quarter valued at approximately $142,000. Institutional investors own 55.40% of the company's stock.

Analyst Ratings Changes

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

Sierra Bancorp Price Performance

Shares of Sierra Bancorp stock traded up $0.67 on Friday, reaching $32.39. The stock had a trading volume of 34,512 shares, compared to its average volume of 41,477. The business's 50 day moving average is $29.59 and its two-hundred day moving average is $26.52. The company has a market cap of $466.09 million, a P/E ratio of 12.85 and a beta of 0.89. Sierra Bancorp has a 1 year low of $17.69 and a 1 year high of $35.13. 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 (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $52.59 million during the quarter, compared to the consensus estimate of $38.30 million. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. As a group, research analysts anticipate that Sierra Bancorp will post 2.79 EPS for the current year.

Sierra Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.96 annualized dividend and a dividend yield of 2.96%. Sierra Bancorp's payout ratio is currently 38.10%.

Insider Transactions at Sierra Bancorp

In other news, Director James C. Holly sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total value of $144,900.00. Following the completion of the transaction, the director now directly owns 313,370 shares in the company, valued at approximately $9,081,462.60. This represents a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert L. Berra sold 2,540 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the transaction, the director now owns 150,063 shares in the company, valued at $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,056 shares of company stock valued at $244,741. 11.86% of the stock is owned by corporate insiders.

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.