Discussion stirs around Sierra Bancorp (NASDAQ:BSRR) this week; here is what analysts are saying.

December 8, 2017 - By Linda Rogers

 Discussion stirs around Sierra Bancorp (NASDAQ:BSRR) this week; here is what analysts are saying.
Investors sentiment increased to 1.18 in 2017 Q2. Its up 0.27, from 0.91 in 2017Q1. It is positive, as 3 investors sold Sierra Bancorp shares while 25 reduced holdings. 12 funds opened positions while 21 raised stakes. 7.26 million shares or 0.29% less from 7.28 million shares in 2017Q1 were reported.
Rhumbline Advisers owns 14,521 shares. Bridgeway Cap Incorporated holds 0.04% in Sierra Bancorp (NASDAQ:BSRR) or 138,200 shares. Foundry Limited Liability Com reported 166,840 shares. 600 were accumulated by Creative Planning. Fmr Ltd Liability Company owns 284,169 shares. Renaissance Technologies stated it has 0.01% in Sierra Bancorp (NASDAQ:BSRR). Tiaa Cref Mngmt Ltd Llc holds 0% or 35,059 shares. Kennedy Mngmt Inc reported 45,584 shares stake. Vanguard Group Inc reported 0% stake. Brandywine Global Invest Mgmt Lc holds 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 4,799 shares. Moreover, Deutsche Bancorporation Ag has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 38,308 shares. Banc Funds Ltd Liability has invested 0.5% in Sierra Bancorp (NASDAQ:BSRR). Morgan Stanley has invested 0% in Sierra Bancorp (NASDAQ:BSRR). Trexquant Investment Lp stated it has 0.06% in Sierra Bancorp (NASDAQ:BSRR). Commercial Bank Of America De invested in 53,165 shares.

Sierra Bancorp (NASDAQ:BSRR) Ratings Coverage

Among 7 analysts covering Sierra Bancorp (NASDAQ:BSRR), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Sierra Bancorp had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, January 6 by Keefe Bruyette & Woods. On Friday, December 16 the stock rating was downgraded by Raymond James to “Mkt Perform”. The firm has “Market Perform” rating by Hovde Group given on Monday, December 5. Raymond James upgraded Sierra Bancorp (NASDAQ:BSRR) on Tuesday, July 25 to “Buy” rating. DA Davidson initiated Sierra Bancorp (NASDAQ:BSRR) on Thursday, June 9 with “Neutral” rating. DA Davidson upgraded the shares of BSRR in report on Tuesday, May 23 to “Buy” rating. On Tuesday, October 24 the stock rating was downgraded by DA Davidson to “Hold”. Hovde Group initiated Sierra Bancorp (NASDAQ:BSRR) rating on Friday, June 10. Hovde Group has “Outperform” rating and $19 target. The stock has “Mkt Perform” rating by Raymond James on Thursday, December 17. Zacks upgraded Sierra Bancorp (NASDAQ:BSRR) rating on Monday, September 21. Zacks has “Buy” rating and $18 target. Below is a list of Sierra Bancorp (NASDAQ:BSRR) latest ratings and price target changes.

24/10/2017 Broker: DA Davidson Rating: Hold New Target: $30.0 Downgrade
25/07/2017 Broker: Raymond James Rating: Buy New Target: $27.0000 Upgrade

The stock decreased 0.15% or $0.04 during the last trading session, reaching $26.84. About 25,381 shares traded. Sierra Bancorp (NASDAQ:BSRR) has risen 40.79% since December 8, 2016 and is uptrending. It has outperformed by 24.09% the S&P500.

Sierra Bancorp operates as the bank holding firm for Bank of the Sierra that provides a range of retail and commercial banking services to individuals and businesses in California. The company has market cap of $408.47 million. The firm accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, sweep accounts, demand deposit accounts, NOW accounts, certificates of deposit, and brokered deposits. It has a 17.8 P/E ratio. It also provides real estate loans secured by commercial, professional office, and agricultural properties; construction loans for residential and commercial development; permanent mortgage loans, land acquisition and development loans, and multifamily credit facilities; secondary market services for residential mortgage loans; agricultural production loans; commercial and industrial loans and leases, including SBA loans and direct finance leases; mortgage warehouse loans; and consumer loans.

More important recent Sierra Bancorp (NASDAQ:BSRR) news were published by: Prnewswire.com which released: “Sierra Bancorp Completes Acquisition of OCB Bancorp, Parent of Ojai Community Bank” on October 02, 2017, also Fool.com published article titled: “How Sierra Bancorp is reducing these risks”, Prnewswire.com published: “Sierra Bancorp Announces Agreement to Acquire OCB Bancorp of Ventura County” on April 25, 2017. More interesting news about Sierra Bancorp (NASDAQ:BSRR) was released by: Prnewswire.com and their article: “Sierra Bancorp Completes Acquisition of Coast Bancorp of San Luis Obispo County” with publication date: July 09, 2016.

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