Ajo LP Decreases Stake in Sierra Bancorp (NASDAQ:BSRR)

AJO LP reduced its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,270 shares of the financial services provider’s stock after selling 409 shares during the quarter. AJO LP owned 1.10% of Sierra Bancorp worth $4,113,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BSRR. Dimensional Fund Advisors LP boosted its holdings in shares of Sierra Bancorp by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,098,742 shares of the financial services provider’s stock worth $26,403,000 after purchasing an additional 23,842 shares during the period. BlackRock Inc. boosted its holdings in shares of Sierra Bancorp by 4.6% during the fourth quarter. BlackRock Inc. now owns 1,065,723 shares of the financial services provider’s stock worth $25,609,000 after purchasing an additional 46,432 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sierra Bancorp by 0.7% during the third quarter. Vanguard Group Inc. now owns 516,435 shares of the financial services provider’s stock worth $14,925,000 after purchasing an additional 3,412 shares during the period. FMR LLC lifted its holdings in Sierra Bancorp by 3.9% in the fourth quarter. FMR LLC now owns 280,709 shares of the financial services provider’s stock worth $6,746,000 after buying an additional 10,615 shares during the period. Finally, Foundry Partners LLC lifted its holdings in Sierra Bancorp by 13.6% in the first quarter. Foundry Partners LLC now owns 204,355 shares of the financial services provider’s stock worth $4,966,000 after buying an additional 24,525 shares during the period. 52.75% of the stock is currently owned by hedge funds and other institutional investors.

BSRR stock traded down $0.35 during mid-day trading on Monday, hitting $26.77. The company had a trading volume of 34,300 shares, compared to its average volume of 26,738. The company has a market capitalization of $415.71 million, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.92. Sierra Bancorp has a 12-month low of $22.67 and a 12-month high of $31.18. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $25.77.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, April 22nd. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Sierra Bancorp had a net margin of 24.90% and a return on equity of 11.80%. The firm had revenue of $29.88 million for the quarter, compared to the consensus estimate of $29.50 million. On average, research analysts forecast that Sierra Bancorp will post 2.25 earnings per share for the current fiscal year.

In other news, Director Robb Evans purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of $26.63 per share, for a total transaction of $26,630.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $532,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Olague purchased 14,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $27.33 per share, for a total transaction of $382,620.00. Following the completion of the acquisition, the executive vice president now directly owns 30,341 shares in the company, valued at approximately $829,219.53. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 22,106 shares of company stock worth $604,025. Insiders own 10.34% of the company’s stock.

Several analysts have commented on the stock. ValuEngine lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. BidaskClub raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.33.

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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

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Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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