Sierra Bancorp (BSRR) is Initiated by DA Davidson to Neutral, Price Target at $19

Sierra Bancorp (BSRR) was Initiated by DA Davidson to “Neutral” and the brokerage firm has set the Price Target at $19. DA Davidson advised their investors in a research report released on Jun 9, 2016.

Sierra Bancorp closed down -0.22 points or -1.28% at $16.95 with 10,722 shares getting traded on Tuesday. Post opening the session at $17.26, the shares hit an intraday low of $16.92 and an intraday high of $17.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 12, 2016, Gordon T Woods (director) sold 5,000 shares at $17.16 per share price. According to the SEC, on Apr 5, 2016, Michael Olague (EVP/Chief Banking Officer) sold 3,692 shares at $17.36 per share price.

Sierra Bancorp is a bank holding company. The Company operates through its principal subsidiary Bank of the Sierra (the Bank). The Bank is a state-chartered bank that offers a range of retail and commercial banking services to communities in the central and southern sections of the San Joaquin Valley. The Bank operates 28 full service branch offices throughout its geographic footprint as well as an Internet branch which provides the ability to open deposit accounts online. The Bank maintains a diversified loan portfolio consisting of agricultural commercial consumer real estate construction and mortgage loans. It offer a range of deposit products for individuals and businesses including checking accounts savings accounts money market demand accounts time deposits retirement accounts and sweep accounts. The Company’s direct subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III.

Sierra Bancorp

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