Foundry Partners LLC Decreases Holdings in Sierra Bancorp (BSRR)

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Foundry Partners LLC trimmed its position in shares of Sierra Bancorp (NASDAQ:BSRR) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,455 shares of the financial services provider’s stock after selling 5,185 shares during the period. Foundry Partners LLC owned approximately 1.10% of Sierra Bancorp worth $4,839,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BSRR. BlackRock Inc. lifted its stake in Sierra Bancorp by 10.2% during the second quarter. BlackRock Inc. now owns 949,033 shares of the financial services provider’s stock worth $26,801,000 after purchasing an additional 87,687 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of Sierra Bancorp in the second quarter valued at $1,626,000. Dimensional Fund Advisors LP raised its stake in shares of Sierra Bancorp by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,040,181 shares of the financial services provider’s stock valued at $29,375,000 after acquiring an additional 37,646 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Sierra Bancorp by 12.7% in the second quarter. Renaissance Technologies LLC now owns 315,900 shares of the financial services provider’s stock valued at $8,921,000 after acquiring an additional 35,600 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Sierra Bancorp in the second quarter valued at $481,000. Institutional investors own 51.91% of the company’s stock.

Several analysts have recently issued reports on BSRR shares. BidaskClub cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.00.

Shares of NASDAQ BSRR opened at $26.95 on Friday. The firm has a market capitalization of $411.19 million, a PE ratio of 14.88, a P/E/G ratio of 1.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. Sierra Bancorp has a 12-month low of $24.32 and a 12-month high of $31.18.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, July 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $28.23 million for the quarter, compared to analysts’ expectations of $27.43 million. Sierra Bancorp had a return on equity of 10.98% and a net margin of 21.45%. As a group, analysts anticipate that Sierra Bancorp will post 1.97 earnings per share for the current year.

In related news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction dated Thursday, July 26th. The shares were acquired at an average cost of $29.98 per share, for a total transaction of $29,980.00. Following the completion of the purchase, the director now owns 16,000 shares in the company, valued at $479,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gordon T. Woods sold 2,500 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $29.55, for a total value of $73,875.00. Following the completion of the sale, the director now owns 22,500 shares in the company, valued at $664,875. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,301 shares of company stock worth $275,320. Insiders own 10.21% of the company’s stock.

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

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