Context BH Capital Management LP Decreases Position in Sierra Bancorp (BSRR)

Context BH Capital Management LP reduced its stake in shares of Sierra Bancorp (NASDAQ:BSRR) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,972 shares of the financial services provider’s stock after selling 2,601 shares during the quarter. Context BH Capital Management LP owned approximately 0.40% of Sierra Bancorp worth $1,520,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Sierra Bancorp by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 905,877 shares of the financial services provider’s stock worth $22,239,000 after purchasing an additional 29,524 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sierra Bancorp by 9.7% during the second quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock worth $12,274,000 after purchasing an additional 44,242 shares during the period. Northern Trust Corp boosted its holdings in shares of Sierra Bancorp by 4.3% during the second quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock worth $10,763,000 after purchasing an additional 18,165 shares during the period. FMR LLC boosted its holdings in shares of Sierra Bancorp by 64.3% during the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock worth $10,667,000 after purchasing an additional 152,200 shares during the period. Finally, State Street Corp boosted its holdings in shares of Sierra Bancorp by 6.3% during the second quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock worth $5,298,000 after purchasing an additional 12,798 shares during the period. Institutional investors and hedge funds own 53.43% of the company’s stock.

Sierra Bancorp (NASDAQ BSRR) traded up $0.01 during midday trading on Monday, reaching $25.20. 45,400 shares of the company’s stock were exchanged, compared to its average volume of 36,628. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $383.51, a PE ratio of 16.80, a PEG ratio of 2.08 and a beta of 0.80. Sierra Bancorp has a 1 year low of $19.31 and a 1 year high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. analysts expect that Sierra Bancorp will post 1.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio (DPR) is presently 37.33%.

In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction on Monday, October 30th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director now directly owns 16,000 shares of the company’s stock, valued at $416,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.24% of the stock is owned by insiders.

Several analysts recently commented on the stock. Raymond James Financial, Inc. upgraded shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, July 25th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Monday, September 25th. Finally, Hovde Group lifted their target price on shares of Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.15.

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About Sierra Bancorp

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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