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.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Sandler O’Neill upgraded shares of 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. Finally, Hovde Group reissued a “buy” rating on shares of Sierra Bancorp in a report on Monday, January 28th.

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NASDAQ:BSRR opened at $26.84 on Friday. Sierra Bancorp has a 12 month low of $22.93 and a 12 month high of $31.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $412.87 million, a PE ratio of 13.98, a P/E/G ratio of 1.55 and a beta of 0.88.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). Sierra Bancorp had a return on equity of 11.43% and a net margin of 24.09%. The company had revenue of $29.32 million for the quarter, compared to analyst estimates of $29.53 million. On average, equities analysts predict that Sierra Bancorp will post 2.16 EPS for the current year.

In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, January 31st. The stock was purchased at an average price of $26.79 per share, with a total value of $26,790.00. Following the completion of the acquisition, the director now directly owns 19,000 shares in the company, valued at approximately $509,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Holly sold 2,500 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $28.27, for a total transaction of $70,675.00. Following the transaction, the director now directly owns 390,676 shares of the company’s stock, valued at approximately $11,044,410.52. The disclosure for this sale can be found here. Company insiders own 10.21% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in shares of Sierra Bancorp by 5,069.0% during the third quarter. Bank of Montreal Can now owns 5,169 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 5,069 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Sierra Bancorp by 71.9% in the fourth quarter. Acadian Asset Management LLC now owns 8,311 shares of the financial services provider’s stock valued at $199,000 after buying an additional 3,477 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Sierra Bancorp by 63.9% in the third quarter. MetLife Investment Advisors LLC now owns 9,574 shares of the financial services provider’s stock valued at $277,000 after buying an additional 3,733 shares in the last quarter. Algert Global LLC purchased a new position in Sierra Bancorp in the fourth quarter valued at $307,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Sierra Bancorp in the second quarter valued at $481,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

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.

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