Sierra Bancorp (BSRR) is Initiated by Hovde Group to Outperform, Price Target at $19

Sierra Bancorp (BSRR) was Initiated by Hovde Group to “Outperform” and the brokerage firm has set the Price Target at $19. Hovde Group advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Sierra Bancorp. DA Davidson Initiated Sierra Bancorp on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $19.

Sierra Bancorp opened for trading at $16.94 and hit $17.1 on the upside on Thursday, eventually ending the session at $17.05, with a gain of 0.53% or 0.09 points. The heightened volatility saw the trading volume jump to 32,562 shares. Company has a market cap of $226 M.

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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