Sierra Bancorp (NASDAQ:BSRR) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P lifted its holdings in Sierra Bancorp (NASDAQ:BSRR) by 21.6% in the third quarter, Holdings Channel reports. The firm owned 36,184 shares of the financial services provider’s stock after buying an additional 6,431 shares during the period. Martingale Asset Management L P’s holdings in Sierra Bancorp were worth $1,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BSRR. Lazard Asset Management LLC lifted its position in Sierra Bancorp by 45.7% during the 1st quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 957 shares during the period. Foundry Partners LLC lifted its position in Sierra Bancorp by 19.2% during the 3rd quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider’s stock worth $5,111,000 after acquiring an additional 28,495 shares during the period. Panagora Asset Management Inc. lifted its position in Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 904 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Sierra Bancorp during the 3rd quarter worth about $1,146,000. Finally, Vanguard Group Inc. lifted its position in Sierra Bancorp by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider’s stock worth $13,737,000 after acquiring an additional 5,830 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Sierra Bancorp Stock Performance

NASDAQ BSRR opened at $31.47 on Monday. The stock has a 50-day simple moving average of $29.71 and a two-hundred day simple moving average of $26.86. The firm has a market capitalization of $452.85 million, a P/E ratio of 12.49 and a beta of 0.89. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%. On average, equities analysts forecast that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.05%. Sierra Bancorp’s payout ratio is currently 38.10%.

Insider Buying and Selling at Sierra Bancorp

In related news, Director James C. Holly sold 5,000 shares of Sierra Bancorp 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 owns 313,370 shares in the company, valued at $9,081,462.60. The trade was a 1.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp 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 completion of the transaction, the director now owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,056 shares of company stock worth $244,741. Insiders own 11.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, 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.