Voya Investment Management LLC Purchases Shares of 10,068 Sierra Bancorp (NASDAQ:BSRR)

Voya Investment Management LLC purchased a new stake in Sierra Bancorp (NASDAQ:BSRR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,068 shares of the financial services provider's stock, valued at approximately $291,000. Voya Investment Management LLC owned approximately 0.07% of Sierra Bancorp at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BSRR. American Century Companies Inc. grew its stake in Sierra Bancorp by 3.9% in the 4th quarter. American Century Companies Inc. now owns 126,905 shares of the financial services provider's stock valued at $3,670,000 after acquiring an additional 4,794 shares during the last quarter. 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. Empowered Funds LLC grew its position in shares of Sierra Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 78,761 shares of the financial services provider's stock valued at $2,278,000 after purchasing an additional 3,767 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Sierra Bancorp by 7.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 56,701 shares of the financial services provider's stock worth $1,640,000 after purchasing an additional 4,035 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in shares of Sierra Bancorp by 17.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 46,787 shares of the financial services provider's stock worth $1,353,000 after purchasing an additional 7,090 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sierra Bancorp Trading Down 1.1%

BSRR stock traded down $0.32 during midday trading on Friday, hitting $28.68. The stock had a trading volume of 29,913 shares, compared to its average volume of 39,069. Sierra Bancorp has a 12-month low of $19.77 and a 12-month high of $35.13. The firm has a market cap of $396.33 million, a PE ratio of 10.21 and a beta of 0.71. The company's 50-day moving average price is $27.04 and its 200 day moving average price is $29.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last released its 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 return on equity of 11.55% and a net margin of 19.90%. The business had revenue of $36.75 million for the quarter, compared to analysts' expectations of $37.51 million. On average, equities research analysts predict that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, May 5th. Sierra Bancorp's dividend payout ratio (DPR) is 35.46%.

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.