Sierra Bancorp (NASDAQ:BSRR) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Sierra Bancorp (NASDAQ:BSRR) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Keefe, Bruyette & Woods upped their target price on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Sierra Bancorp Price Performance

Shares of BSRR stock opened at $29.75 on Friday. The company has a market capitalization of $428.10 million, a PE ratio of 11.81 and a beta of 0.92. The firm has a fifty day simple moving average of $30.06 and a 200-day simple moving average of $29.14. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a twelve month low of $17.69 and a twelve month high of $35.13.

Insiders Place Their Bets

In other Sierra Bancorp news, Director Albert L. Berra sold 2,540 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the sale, the director now directly owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Holly sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now directly owns 313,370 shares in the company, valued at $9,081,462.60. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,056 shares of company stock valued at $244,741. Company insiders own 11.86% of the company’s stock.

Institutional Trading of Sierra Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. acquired a new stake in shares of Sierra Bancorp in the 3rd quarter worth about $29,000. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp in the 3rd quarter worth about $142,000. Franklin Resources Inc. acquired a new stake in shares of Sierra Bancorp in the 3rd quarter worth about $216,000. Jane Street Group LLC increased its holdings in shares of Sierra Bancorp by 9.7% in the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 1,484 shares during the period. Finally, Barclays PLC increased its holdings in shares of Sierra Bancorp by 301.7% in the 3rd quarter. Barclays PLC now owns 16,896 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 12,690 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

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