Sierra Bancorp (BSRR) Given Average Rating of “Hold” by Analysts

Shares of Sierra Bancorp (NASDAQ:BSRR) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $28.50.

Several research firms have commented on BSRR. Hovde Group set a $30.00 price objective on Sierra Bancorp and gave the stock a “hold” rating in a research report on Monday, February 5th. BidaskClub lowered Sierra Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Finally, FIG Partners began coverage on Sierra Bancorp in a research report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 price objective on the stock.

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In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the transaction, the director now directly owns 16,200 shares of the company’s stock, valued at approximately $449,712. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 1,730 shares of company stock worth $47,297 in the last quarter. Insiders own 20.77% of the company’s stock.

Large investors have recently made changes to their positions in the company. Ford Financial Group Inc. purchased a new position in shares of Sierra Bancorp during the 4th quarter valued at approximately $106,000. SG Americas Securities LLC purchased a new position in shares of Sierra Bancorp during the 3rd quarter valued at approximately $148,000. MetLife Investment Advisors LLC purchased a new position in shares of Sierra Bancorp during the 4th quarter valued at approximately $155,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sierra Bancorp during the 3rd quarter valued at approximately $204,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Sierra Bancorp during the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.

Shares of BSRR stock opened at $26.46 on Friday. The company has a market capitalization of $425.82, a P/E ratio of 19.46, a P/E/G ratio of 1.76 and a beta of 0.78. Sierra Bancorp has a 52-week low of $23.10 and a 52-week high of $28.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.80 and a quick ratio of 0.80.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a return on equity of 9.87% and a net margin of 19.02%. The business had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million. equities analysts expect that Sierra Bancorp will post 1.98 EPS for the current year.

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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.

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