Barclays PLC Boosts Stake in Sierra Bancorp (NASDAQ:BSRR)

Barclays PLC boosted its holdings in shares of Sierra Bancorp (NASDAQ:BSRR - Free Report) by 301.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,896 shares of the financial services provider's stock after purchasing an additional 12,690 shares during the quarter. Barclays PLC owned about 0.12% of Sierra Bancorp worth $488,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BSRR. Financial Management Professionals Inc. bought a new stake in shares of Sierra Bancorp during the third quarter worth $29,000. SG Americas Securities LLC bought a new stake in Sierra Bancorp during the 3rd quarter valued at about $142,000. Jane Street Group LLC lifted its holdings in Sierra Bancorp by 9.7% during the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider's stock valued at $486,000 after buying an additional 1,484 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Sierra Bancorp by 85.3% in the 3rd 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 period. Finally, Martingale Asset Management L P grew its stake in Sierra Bancorp by 21.6% in the 3rd quarter. Martingale Asset Management L P now owns 36,184 shares of the financial services provider's stock worth $1,045,000 after acquiring an additional 6,431 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Sierra Bancorp Stock Down 0.7 %

Shares of NASDAQ:BSRR traded down $0.21 during trading hours on Friday, hitting $29.37. The company's stock had a trading volume of 94,102 shares, compared to its average volume of 41,892. The company has a market capitalization of $422.63 million, a price-to-earnings ratio of 11.65 and a beta of 0.92. Sierra Bancorp has a 52 week low of $17.69 and a 52 week high of $35.13. 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 firm's fifty day moving average price is $30.30 and its 200 day moving average price is $28.92.

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 analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $52.59 million for the quarter, compared to the consensus estimate of $38.30 million. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%. As a group, research analysts expect that Sierra Bancorp will post 2.79 EPS for the current year.

Insider Buying and Selling at Sierra Bancorp

In other news, Director James C. Holly sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 313,370 shares in the company, valued at approximately $9,081,462.60. This represents a 1.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Albert L. Berra sold 2,540 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the completion of the sale, the director now directly owns 150,063 shares of the company's stock, valued at $4,838,031.12. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,056 shares of company stock worth $244,741 over the last quarter. Insiders own 11.63% of the company's stock.

Analyst Upgrades and Downgrades

BSRR has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com raised Sierra Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th.

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.