Walthausen & Co. LLC boosted its holdings in shares of Sierra Bancorp (NASDAQ:BSRR) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 61,320 shares of the financial services provider’s stock after purchasing an additional 4,240 shares during the quarter. Walthausen & Co. LLC’s holdings in Sierra Bancorp were worth $1,786,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Sierra Bancorp by 45.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,808 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 1,186 shares during the period. Zebra Capital Management LLC bought a new position in Sierra Bancorp during the third quarter worth about $221,000. Squarepoint Ops LLC lifted its stake in Sierra Bancorp by 24.6% during the third quarter. Squarepoint Ops LLC now owns 12,123 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 2,394 shares during the period. Pacific Wealth Strategies Group Inc. lifted its stake in Sierra Bancorp by 12.5% during the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 11,281 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 1,250 shares during the period. Finally, Barclays PLC lifted its stake in Sierra Bancorp by 140.8% during the fourth quarter. Barclays PLC now owns 17,372 shares of the financial services provider’s stock worth $506,000 after purchasing an additional 10,159 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.
BSRR stock traded up $1.86 during trading on Thursday, hitting $17.40. The company had a trading volume of 47,100 shares, compared to its average volume of 41,932. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $22.87 and a 200-day moving average price of $26.29. Sierra Bancorp has a 12 month low of $13.05 and a 12 month high of $30.15. The stock has a market cap of $248.42 million, a price-to-earnings ratio of 7.47 and a beta of 0.99.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Sierra Bancorp had a net margin of 26.75% and a return on equity of 12.05%. The firm had revenue of $30.67 million during the quarter, compared to analysts’ expectations of $29.80 million. Equities analysts expect that Sierra Bancorp will post 2.01 EPS for the current year.
A number of research analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of Sierra Bancorp in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $30.00 target price for the company. BidaskClub upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. ValuEngine upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Zacks Investment Research cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet cut shares of Sierra Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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