Millennium Management LLC Has $1.10 Million Position in Sierra Bancorp (NASDAQ:BSRR)

Millennium Management LLC raised its position in Sierra Bancorp (NASDAQ:BSRR - Free Report) by 301.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,858 shares of the financial services provider's stock after purchasing an additional 28,426 shares during the quarter. Millennium Management LLC owned 0.26% of Sierra Bancorp worth $1,095,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BSRR. State of Tennessee Department of Treasury acquired a new position in shares of Sierra Bancorp in the fourth quarter valued at approximately $137,000. SG Americas Securities LLC grew its holdings in Sierra Bancorp by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider's stock worth $171,000 after acquiring an additional 997 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in Sierra Bancorp in the 4th quarter valued at approximately $202,000. MetLife Investment Management LLC raised its stake 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 valued at $239,000 after acquiring an additional 838 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of 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 valued at $240,000 after acquiring an additional 1,664 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Sierra Bancorp Trading Up 3.1%

Shares of NASDAQ:BSRR traded up $0.83 during trading on Friday, reaching $27.59. The stock had a trading volume of 30,910 shares, compared to its average volume of 39,457. Sierra Bancorp has a 52 week low of $19.77 and a 52 week high of $35.13. 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 firm's fifty day moving average is $26.74 and its 200 day moving average is $28.82. The stock has a market cap of $381.27 million, a price-to-earnings ratio of 9.82 and a beta of 0.74.

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

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, May 5th. This represents a $1.00 annualized dividend and a yield of 3.62%. Sierra Bancorp's dividend payout ratio is currently 35.46%.

Analyst Upgrades and Downgrades

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

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