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Assenagon Asset Management S.A. sells 51,771 Sierra Bancorp shares (NASDAQ:BSRR)

Assenagon Asset Management S.A. sells 51,771 Sierra Bancorp shares (NASDAQ:BSRR)

The most recent 13F filing that Assenagon Asset Management S.A. submitted to the SEC revealed that during the third quarter, the investment management firm’s holdings in Sierra Bancorp (NASDAQ: BSRR) were reduced by 77.1%. After having sold 51,771 shares of the stock of the financial services provider during the period in question, the institutional investor now has 15,365 of the company’s shares in their possession. At the end of the most recent financial quarter, Assenagon Asset Management S.A. paid $303,000 to acquire 0.10% of Sierra Bancorp’s outstanding shares of common stock.

In addition, the positions that the company’s other institutional investors hold have been subjected to alterations. During the first three months of the year, Vanguard Group Inc. increased the number of Sierra Bancorp shares it owned, bringing its total ownership percentage to 97.1%. Vanguard Group Inc. now has 675,658 stock held by the financial services provider due to purchasing an additional 4,752 shares during the most recent fiscal quarter. The stock currently has a value of $16,878,000. During the second quarter, Private Management Group Inc. increased the number of Sierra Bancorp shares it owned by 1.2%, bringing its total percentage of ownership to 19.4%. Private Management Group Inc. now has a total of 527,083 shares of the financial services provider’s stock, which are worth a total of $11,454,000 after the company made an additional purchase of 6,472 shares during the preceding quarter. During the second quarter, State Street Corporation achieved a 3.7% increase in the proportion of Sierra Bancorp shares it owned. State Street Corp. now holds a total of 304,881 shares, with a market cap of $6,625,000. This resulted from the acquisition of 11,012 additional shares during the preceding quarter. Foundry Partners LLC expanded its holdings in Sierra Bancorp by 1.4% during the third quarter by purchasing additional shares of the company’s stock. Foundry Partners LLC now holds a total of 180,015 shares of the company, which are collectively worth $3,555,000. This is the result of the company making an additional purchase of 2,530 shares during the most recent quarter.

Last but not least, during the second quarter, Banc Funds Co. LLC increased the percentage of Sierra Bancorp shares it owned by 2.0%, making it its largest shareholder. Banc Funds Co. LLC, a provider of financial services, now owns a total of 161,544 shares of the floating-price stock that is valued at $3,510,000. Following the acquisition of an additional 3,190 shares during the most recent quarter, Banc Funds Co. LLC now has 161,544 shares. At present, institutions own 52.39% of the total shares of stock that are outstanding.

On Friday, November 18th, Director Michele M. Gil purchased 2,000 shares of company stock. This is another development relating to this topic that occurred on that day. The total cost of purchasing all of the shares, which were sold at an average price of $21.36 each, amounted to $42,720.00 in cash and other liquid assets. As a direct result of the acquisition, the director now owns 2,000 shares of the company’s stock, with a combined value of $42,720. The director acquired these 2,000 shares. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. On Friday, November 18th, Director Michele M. Gil purchased 2,000 shares of company stock. This is another development relating to this topic that occurred on that day. The total cost of purchasing all of the shares, which were sold at an average price of $21.36 each, amounted to $42,720.00 in cash and other liquid assets.

As a direct result of the acquisition, the director now owns 2,000 shares of the company’s stock, with a combined value of $42,720. The director acquired these 2,000 shares. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. Additionally, on November 10th, 5,000 shares of Sierra Bancorp stock were sold by James C. Holly, who is a director of the company. The total amount received for the sale of the shares was $110,700.00, and the price paid for each of those shares, on average, was $22.14. Following the completion of the sale, the director will have a direct ownership stake in the company that is equivalent to 345,870 shares and is estimated to be worth approximately $7,657,561.80 at present. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders own 11.63% of the total number of shares in the company.

On Wednesday, NASDAQ: BSRR was trading at $21.31 per share. The debt-to-equity ratio, the current ratio, and the quick ratio all add up to 0.29, and each one is currently at 0.67. The current value of the company’s market capitalization is $321.55 million, its earnings ratio to its stock price is 8.92, and the company’s beta value is 0.96. The moving average for the stock over the past 50 days is

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