Is there a Bearish outlook for Sierra Bancorp (NASDAQ:BSRR) this week?

December 8, 2017 - By Darrin Black

 Is there a Bearish outlook for Sierra Bancorp (NASDAQ:BSRR) this week?
Investors sentiment increased to 1.18 in Q2 2017. Its up 0.27, from 0.91 in 2017Q1. It increased, 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.
First Tru Advsrs Limited Partnership holds 0% or 30,276 shares in its portfolio. 8,319 are held by Trexquant Inv L P. Jpmorgan Chase & Communications invested in 0% or 136,800 shares. Tiaa Cref Inv Mgmt Limited Liability reported 0% in Sierra Bancorp (NASDAQ:BSRR). Northern Tru Corp reported 438,425 shares. Millennium Management Limited Liability invested 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR). Fmr Limited Liability holds 0% in Sierra Bancorp (NASDAQ:BSRR) or 284,169 shares. California Public Employees Retirement Systems reported 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR). North Star Investment Management Corp has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 140 shares. Banc Funds Ltd Liability Com holds 445,312 shares. 3,379 are held by Legal & General Gru Pcl. Gsa Capital Prns Limited Liability Partnership holds 9,550 shares or 0.02% of its portfolio. Meeder Asset Incorporated stated it has 372 shares or 0% of all its holdings. Numeric Invsts Limited Com stated it has 257,331 shares. Private Mgmt reported 431,673 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. Raymond James upgraded Sierra Bancorp (NASDAQ:BSRR) on Tuesday, July 25 to “Buy” rating. As per Monday, December 5, the company rating was downgraded by Hovde Group. The firm has “Market Perform” rating given on Wednesday, January 6 by Keefe Bruyette & Woods. The stock has “Buy” rating by Zacks on Monday, September 21. The stock of Sierra Bancorp (NASDAQ:BSRR) has “Hold” rating given on Tuesday, October 24 by DA Davidson. The stock of Sierra Bancorp (NASDAQ:BSRR) earned “Mkt Perform” rating by Raymond James on Thursday, December 17. The firm has “Mkt Perform” rating by Raymond James given on Friday, December 16. The firm has “Outperform” rating by Raymond James given on Thursday, January 7. Hovde Group initiated the stock with “Outperform” rating in Friday, June 10 report. The stock has “Neutral” rating by DA Davidson on Thursday, June 9. 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 Coast Bancorp of San Luis Obispo County” on July 09, 2016, also Prnewswire.com published article titled: “Sierra Bancorp Announces Agreement to Acquire OCB Bancorp of Ventura County”, Prnewswire.com published: “Sierra Bancorp Completes Acquisition of OCB Bancorp, Parent of Ojai Community Bank” on October 02, 2017. More interesting news about Sierra Bancorp (NASDAQ:BSRR) was released by: Fool.com and their article: “How Sierra Bancorp is reducing these risks” with publication date: December 30, 2016.

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