Squarepoint Ops LLC Invests $475,000 in Sierra Bancorp (NASDAQ:BSRR)

Squarepoint Ops LLC purchased a new stake in shares of Sierra Bancorp (NASDAQ:BSRR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,422 shares of the financial services provider's stock, valued at approximately $475,000. Squarepoint Ops LLC owned 0.11% of Sierra Bancorp at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State of Tennessee Department of Treasury purchased a new position in shares of Sierra Bancorp during the fourth quarter valued at about $137,000. SG Americas Securities LLC boosted its position 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 valued at $171,000 after acquiring an additional 997 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Sierra Bancorp during the 4th quarter worth approximately $202,000. MetLife Investment Management LLC raised its position in shares of Sierra Bancorp by 11.3% in the 4th quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider's stock worth $239,000 after acquiring an additional 838 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Sierra Bancorp by 25.0% in the 4th 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. Hedge funds and other institutional investors own 55.40% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on BSRR. 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 report on Tuesday, April 29th. Wall Street Zen cut shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th.

Sierra Bancorp Stock Up 3.1%

Shares of NASDAQ BSRR traded up $0.83 on Friday, reaching $27.59. 30,910 shares of the company's stock traded hands, compared to its average volume of 39,687. The business's 50 day simple moving average is $26.73 and its two-hundred day simple moving average is $28.76. Sierra Bancorp has a 12 month low of $19.77 and a 12 month high of $35.13. The company has a market cap of $381.27 million, a price-to-earnings ratio of 9.82 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last posted 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). The company had revenue of $36.75 million during the quarter, compared to analysts' expectations of $37.51 million. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%. As a group, equities research analysts forecast that Sierra Bancorp will post 2.95 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

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

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.