JPMorgan Chase & Co. Has $3.36 Million Position in Sierra Bancorp (BSRR)

JPMorgan Chase & Co. lifted its holdings in Sierra Bancorp (NASDAQ:BSRR) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,800 shares of the financial services provider’s stock after acquiring an additional 16,996 shares during the period. JPMorgan Chase & Co. owned 0.99% of Sierra Bancorp worth $3,358,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. American International Group Inc. lifted its stake in Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 478 shares during the last quarter. Teachers Advisors LLC lifted its stake in Sierra Bancorp by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 1,300 shares during the last quarter. Strs Ohio lifted its stake in Sierra Bancorp by 6.2% in the second quarter. Strs Ohio now owns 25,800 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 1,500 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Sierra Bancorp by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 91,748 shares of the financial services provider’s stock worth $2,516,000 after purchasing an additional 2,486 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Sierra Bancorp by 33.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,200 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 5,300 shares during the last quarter. 53.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Sierra Bancorp (BSRR) opened at 27.87 on Wednesday. The stock’s 50 day moving average is $25.84 and its 200 day moving average is $25.60. Sierra Bancorp has a 1-year low of $17.25 and a 1-year high of $29.50. The company has a market cap of $385.67 million, a P/E ratio of 20.21 and a beta of 0.86.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The firm had revenue of $23.20 million for the quarter, compared to analyst estimates of $22.80 million. On average, analysts predict that Sierra Bancorp will post $1.52 earnings per share for the current year.

In other news, Director Robert L. Fields sold 2,465 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total value of $66,875.45. Following the transaction, the director now directly owns 410,078 shares in the company, valued at approximately $11,125,416.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Fields sold 9,600 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $27.14, for a total transaction of $260,544.00. Following the completion of the transaction, the director now owns 412,543 shares in the company, valued at $11,196,417.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,165 shares of company stock worth $330,119. Company insiders own 15.24% of the company’s stock.

Several brokerages have issued reports on BSRR. BidaskClub raised shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price objective on shares of Sierra Bancorp in a research note on Friday, July 14th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Sierra Bancorp has an average rating of “Hold” and a consensus price target of $28.15.

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Sierra Bancorp Company Profile

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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