GAMMA Investing LLC Purchases 14,948 Shares of Sierra Bancorp (NASDAQ:BSRR)

GAMMA Investing LLC lifted its position in shares of Sierra Bancorp (NASDAQ:BSRR - Free Report) by 13,970.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,055 shares of the financial services provider's stock after buying an additional 14,948 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Sierra Bancorp worth $420,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BSRR. State of Tennessee Department of Treasury acquired a new stake in shares of Sierra Bancorp during the fourth quarter worth $137,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Sierra Bancorp during the fourth quarter worth $202,000. MetLife Investment Management LLC increased its position in shares of Sierra Bancorp by 11.3% during the fourth quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider's stock worth $239,000 after buying an additional 838 shares during the period. Wells Fargo & Company MN boosted its stake in Sierra Bancorp by 25.0% during the fourth quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider's stock worth $240,000 after acquiring an additional 1,664 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Sierra Bancorp in the fourth quarter worth $242,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Sierra Bancorp Stock Up 4.4%

Shares of Sierra Bancorp stock traded up $1.21 during trading hours on Monday, reaching $28.58. The company's stock had a trading volume of 32,022 shares, compared to its average volume of 39,946. Sierra Bancorp has a one year low of $20.32 and a one year high of $35.13. The company has a market capitalization of $394.98 million, a P/E ratio of 10.13 and a beta of 0.74. The stock's fifty day simple moving average is $27.22 and its two-hundred day simple moving average is $28.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Sierra Bancorp had a net margin of 19.92% and a return on equity of 11.38%. The business had revenue of $36.75 million during the quarter, compared to the consensus estimate of $37.51 million. On average, research analysts forecast that Sierra Bancorp will post 2.95 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, May 5th. Sierra Bancorp's dividend payout ratio (DPR) is 35.46%.

Wall Street Analyst Weigh In

A number of research firms have commented on BSRR. DA Davidson reduced their price target on shares of Sierra Bancorp from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Keefe, Bruyette & Woods reduced their price target on shares of Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

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