Prudential Financial Inc. Invests $338,000 in Sierra Bancorp (NASDAQ:BSRR)

Prudential Financial Inc. acquired a new position in shares of Sierra Bancorp (NASDAQ:BSRR) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,479 shares of the financial services provider’s stock, valued at approximately $338,000. Prudential Financial Inc. owned approximately 0.08% of Sierra Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Sierra Bancorp by 1.9% during the 1st quarter. Rhumbline Advisers now owns 20,307 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 388 shares in the last quarter. Strs Ohio raised its holdings in shares of Sierra Bancorp by 2.6% during the 2nd quarter. Strs Ohio now owns 23,900 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 600 shares in the last quarter. Pacific Wealth Strategies Group Inc. raised its holdings in shares of Sierra Bancorp by 14.2% during the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 10,031 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 1,250 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Sierra Bancorp by 508.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,953 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 2,468 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in Sierra Bancorp by 5.5% during the 1st quarter. Martingale Asset Management L P now owns 115,336 shares of the financial services provider’s stock valued at $2,803,000 after buying an additional 6,002 shares during the period. 53.82% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BSRR traded down $0.25 during midday trading on Tuesday, hitting $26.61. 183 shares of the company traded hands, compared to its average volume of 28,316. The firm’s fifty day moving average is $25.28 and its 200-day moving average is $25.57. Sierra Bancorp has a 12-month low of $22.67 and a 12-month high of $30.43. The firm has a market capitalization of $408.92 million, a P/E ratio of 13.86, a P/E/G ratio of 1.49 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.



Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Sierra Bancorp had a return on equity of 11.71% and a net margin of 24.91%. The company had revenue of $30.05 million for the quarter, compared to analyst estimates of $30.03 million. On average, research analysts expect that Sierra Bancorp will post 2.24 EPS for the current fiscal year.

Several research firms recently weighed in on BSRR. Zacks Investment Research upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Raymond James decreased their price target on Sierra Bancorp from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, BidaskClub upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Sierra Bancorp has a consensus rating of “Buy” and a consensus target price of $29.00.

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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