Ameriprise Financial Inc. Sells 157,827 Shares of Sierra Bancorp (NASDAQ:BSRR)

Ameriprise Financial Inc. reduced its position in Sierra Bancorp (NASDAQ:BSRR - Free Report) by 44.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 195,086 shares of the financial services provider's stock after selling 157,827 shares during the period. Ameriprise Financial Inc. owned 1.36% of Sierra Bancorp worth $5,642,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC raised its holdings in Sierra Bancorp by 30.3% during the 4th quarter. Barclays PLC now owns 22,021 shares of the financial services provider's stock worth $637,000 after buying an additional 5,125 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Sierra Bancorp during the 4th quarter worth about $385,000. JPMorgan Chase & Co. grew its position in shares of Sierra Bancorp by 36.1% in the fourth quarter. JPMorgan Chase & Co. now owns 89,616 shares of the financial services provider's stock valued at $2,592,000 after purchasing an additional 23,758 shares during the last quarter. Voya Investment Management LLC bought a new position in Sierra Bancorp during the 4th quarter worth $291,000. Finally, SG Americas Securities LLC increased its holdings in shares of Sierra Bancorp by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider's stock worth $171,000 after purchasing an additional 997 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Sierra Bancorp Stock Performance

NASDAQ BSRR traded up $0.72 during trading on Tuesday, hitting $27.81. 28,259 shares of the company's stock traded hands, compared to its average volume of 39,288. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $384.31 million, a price-to-earnings ratio of 9.90 and a beta of 0.71. Sierra Bancorp has a 12-month low of $19.77 and a 12-month high of $35.13. The business has a 50 day moving average of $26.96 and a 200-day moving average of $29.03.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%. The company had revenue of $36.75 million for the quarter, compared to the consensus estimate of $37.51 million. As a group, equities research analysts anticipate that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.60%. Sierra Bancorp's dividend payout ratio (DPR) is presently 35.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Finally, DA Davidson dropped their price target on Sierra Bancorp from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th.

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.