Today The Sierra Bancorp (BSRR) Shares Sold by Wells Fargo & Company MN

Today The Sierra Bancorp (BSRR) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in Sierra Bancorp (NASDAQ:BSRR) by 71.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,035 shares of the financial services provider’s stock after selling 15,061 shares during the period. Wells Fargo & Company MN’s holdings in Sierra Bancorp were worth $114,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System raised its stake in Sierra Bancorp by 12.5% in the third quarter. California Public Employees Retirement System now owns 56,638 shares of the financial services provider’s stock valued at $1,062,000 after buying an additional 6,300 shares in the last quarter. Foundry Partners LLC raised its stake in Sierra Bancorp by 1.2% in the third quarter. Foundry Partners LLC now owns 128,570 shares of the financial services provider’s stock valued at $2,412,000 after buying an additional 1,525 shares in the last quarter. Royal Bank of Canada raised its stake in Sierra Bancorp by 11.4% in the second quarter. Royal Bank of Canada now owns 107,649 shares of the financial services provider’s stock valued at $1,797,000 after buying an additional 11,012 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Sierra Bancorp by 21.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 43,273 shares of the financial services provider’s stock valued at $723,000 after buying an additional 7,773 shares in the last quarter. Finally, Numeric Investors LLC raised its stake in Sierra Bancorp by 58.0% in the second quarter. Numeric Investors LLC now owns 268,882 shares of the financial services provider’s stock valued at $4,488,000 after buying an additional 98,669 shares in the last quarter. 49.78% of the stock is owned by institutional investors.

Shares of Sierra Bancorp (NASDAQ:BSRR) traded down 0.84% during trading on Wednesday, hitting $28.21. The stock had a trading volume of 20,511 shares. The firm has a 50 day moving average price of $25.79 and a 200 day moving average price of $20.37. The firm has a market cap of $389.04 million, a P/E ratio of 21.87 and a beta of 0.83. Sierra Bancorp has a 12-month low of $15.60 and a 12-month high of $28.99.

Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, January 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. Sierra Bancorp had a return on equity of 8.77% and a net margin of 20.02%. On average, equities analysts expect that Sierra Bancorp will post $1.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Thursday, February 2nd will be paid a $0.14 dividend. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, January 31st. This represents a $0.56 dividend on an annualized basis and a yield of 1.97%. Sierra Bancorp’s dividend payout ratio (DPR) is 37.21%.

Several analysts have issued reports on the company. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 3rd. Raymond James Financial, Inc. lowered Sierra Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, December 15th. Finally, Hovde Group lowered Sierra Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $20.50 to $23.50 in a report on Monday, December 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.88.

In other news, Director Robb Evans bought 2,000 shares of Sierra Bancorp stock in a transaction that occurred on Friday, October 28th. The stock was bought at an average price of $17.85 per share, for a total transaction of $35,700.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $214,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.24% of the company’s stock.

About Sierra Bancorp

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. The Bank operates approximately 30 branch offices, an online branch, a real estate industries group, an agricultural credit division, a Small Business Administration (SBA) lending unit and a loan production office.

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