Sierra Bancorp (BSRR) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Sierra Bancorp (NASDAQ:BSRR) by 175.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,400 shares of the financial services provider’s stock after purchasing an additional 12,350 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Sierra Bancorp worth $476,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American International Group Inc. lifted its holdings in Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 478 shares during the period. Oxford Asset Management acquired a new stake in Sierra Bancorp in the first quarter worth about $490,000. Teachers Advisors LLC lifted its holdings in Sierra Bancorp by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 1,300 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Sierra Bancorp by 33.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,200 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 5,300 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Sierra Bancorp by 206.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,580 shares of the financial services provider’s stock worth $894,000 after purchasing an additional 21,941 shares during the period. 53.13% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, September 15th. ValuEngine raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. BidaskClub raised shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Hovde Group upped their price objective on shares of Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.95.

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In other news, Director Robert L. Fields sold 2,465 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total value of $66,875.45. Following the completion of the sale, the director now directly owns 410,078 shares in the company, valued at $11,125,416.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert L. Fields sold 9,600 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $27.14, for a total value of $260,544.00. Following the completion of the sale, the director now owns 412,543 shares of the company’s stock, valued at $11,196,417.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,165 shares of company stock valued at $330,119. 15.24% of the stock is currently owned by corporate insiders.

Sierra Bancorp (BSRR) traded up 1.68% during midday trading on Thursday, reaching $26.00. 12,260 shares of the company traded hands. The company has a 50-day moving average price of $25.60 and a 200-day moving average price of $25.63. The company has a market cap of $359.79 million, a price-to-earnings ratio of 18.85 and a beta of 0.88. Sierra Bancorp has a 12-month low of $17.25 and a 12-month high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%. The company had revenue of $23.20 million during the quarter, compared to analyst estimates of $22.80 million. On average, analysts predict that Sierra Bancorp will post $1.52 earnings per share for the current fiscal year.

Sierra Bancorp Profile

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. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

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

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