Acadian Asset Management LLC Buys 9,611 Shares of Sierra Bancorp (NASDAQ:BSRR)

Acadian Asset Management LLC raised its stake in Sierra Bancorp (NASDAQ:BSRRGet Rating) by 25.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,287 shares of the financial services provider’s stock after purchasing an additional 9,611 shares during the quarter. Acadian Asset Management LLC owned 0.31% of Sierra Bancorp worth $1,282,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in shares of Sierra Bancorp by 42.1% in the third quarter. Citigroup Inc. now owns 1,630 shares of the financial services provider’s stock worth $40,000 after buying an additional 483 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Sierra Bancorp by 98.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,625 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,802 shares during the period. Barclays PLC raised its stake in shares of Sierra Bancorp by 210.9% during the third quarter. Barclays PLC now owns 5,739 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 3,893 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Sierra Bancorp during the fourth quarter worth about $160,000. Finally, Martingale Asset Management L P bought a new stake in shares of Sierra Bancorp in the third quarter worth about $208,000. 55.09% of the stock is owned by hedge funds and other institutional investors.

BSRR opened at $21.54 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. Sierra Bancorp has a 52 week low of $21.25 and a 52 week high of $28.92. The stock has a market cap of $325.04 million, a PE ratio of 8.38 and a beta of 1.11. The business has a 50 day moving average of $23.90 and a 200-day moving average of $25.77.

Sierra Bancorp (NASDAQ:BSRRGet Rating) last posted its quarterly earnings data on Monday, April 25th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.10). Sierra Bancorp had a return on equity of 11.16% and a net margin of 28.71%. The firm had revenue of $30.82 million during the quarter, compared to the consensus estimate of $33.63 million. Equities analysts anticipate that Sierra Bancorp will post 2.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Monday, May 2nd were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, April 29th. This represents a $0.92 annualized dividend and a dividend yield of 4.27%. Sierra Bancorp’s payout ratio is 35.80%.

A number of brokerages have recently weighed in on BSRR. Raymond James cut their price objective on Sierra Bancorp from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 26th. Zacks Investment Research cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. StockNews.com lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Finally, Janney Montgomery Scott lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 25th.

Sierra Bancorp Company Profile (Get Rating)

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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