Sierra Bancorp (BSRR) Downgraded by BidaskClub to Sell

Sierra Bancorp (NASDAQ:BSRR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

Several other research firms also recently commented on BSRR. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Monday, September 24th. Sandler O’Neill raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, October 23rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.25.

Shares of NASDAQ:BSRR opened at $26.68 on Friday. Sierra Bancorp has a 1 year low of $25.42 and a 1 year high of $31.18. The company has a market cap of $407.30 million, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 0.82.



Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). Sierra Bancorp had a net margin of 21.44% and a return on equity of 11.03%. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $28.75 million. Sell-side analysts expect that Sierra Bancorp will post 1.94 EPS for the current fiscal year.

In related news, Director James C. Holly sold 2,500 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $28.27, for a total value of $70,675.00. Following the completion of the transaction, the director now directly owns 390,676 shares of the company’s stock, valued at approximately $11,044,410.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.21% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of BSRR. Acadian Asset Management LLC increased its stake in shares of Sierra Bancorp by 90.2% in the 2nd quarter. Acadian Asset Management LLC now owns 4,834 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 2,292 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Sierra Bancorp by 5,069.0% in the 3rd quarter. Bank of Montreal Can now owns 5,169 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 5,069 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Sierra Bancorp in the 2nd quarter worth $203,000. MetLife Investment Advisors LLC increased its stake in shares of Sierra Bancorp by 63.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,574 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 3,733 shares during the last quarter. Finally, Mackay Shields LLC increased its stake in shares of Sierra Bancorp by 24.4% in the 2nd quarter. Mackay Shields LLC now owns 11,231 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 2,200 shares during the last quarter. 51.45% of the stock is owned by institutional investors and hedge funds.

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

Further Reading: What is Net Asset Value (NAV)?

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