Fox Point Capital Management Decreased Visa (V) Position By $2.36 Million; Sierra Bancorp (BSRR) Had 3 Analysts Last Week

February 24, 2018 - By William Brooks

Fox Point Capital Management Llc decreased Visa Inc (V) stake by 50% reported in 2017Q3 SEC filing. Fox Point Capital Management Llc sold 22,500 shares as Visa Inc (V)’s stock rose 5.74%. The Fox Point Capital Management Llc holds 22,500 shares with $2.37 million value, down from 45,000 last quarter. Visa Inc now has $277.44 billion valuation. The stock increased 2.12% or $2.55 during the last trading session, reaching $122.93. About 5.04 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 24, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Among 9 analysts covering Sierra Bancorp (NASDAQ:BSRR), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Sierra Bancorp had 19 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Sierra Bancorp (NASDAQ:BSRR) has “Market Perform” rating given on Monday, December 5 by Hovde Group. The company was maintained on Tuesday, January 23 by Sandler O’Neill. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The company was maintained on Monday, February 5 by Hovde Group. Raymond James upgraded the shares of BSRR in report on Thursday, January 7 to “Outperform” rating. Raymond James downgraded Sierra Bancorp (NASDAQ:BSRR) on Thursday, December 17 to “Mkt Perform” rating. Zacks upgraded it to “Buy” rating and $18 target in Monday, September 21 report. On Thursday, June 9 the stock rating was initiated by DA Davidson with “Neutral”. The stock of Sierra Bancorp (NASDAQ:BSRR) has “Outperform” rating given on Wednesday, February 14 by Hovde Group. The rating was maintained by Keefe Bruyette & Woods with “Market Perform” on Wednesday, January 6. See Sierra Bancorp (NASDAQ:BSRR) latest ratings:

14/02/2018 Broker: Hovde Group Old Rating: Market Perform New Rating: Outperform Upgrade
05/02/2018 Broker: Hovde Group Rating: Hold New Target: $30.0 Maintain
23/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $31.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $30.0 Maintain
21/12/2017 Broker: FIG Partners Rating: Hold New Target: $30.0 Initiate
24/10/2017 Broker: DA Davidson Rating: Hold New Target: $30.0 Downgrade

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It is negative, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Fairfield Bush & Co holds 0.07% or 2,000 shares. Capstone Inv Advsrs Limited Liability Corporation reported 4,365 shares stake. 32,142 were accumulated by First Mercantile Trust. Two Sigma Secs Lc stated it has 0.08% of its portfolio in Visa Inc. (NYSE:V). Geode Cap Management Ltd Llc has invested 0.76% in Visa Inc. (NYSE:V). Lipe And Dalton invested in 15,000 shares or 1.11% of the stock. Dearborn Prtnrs Ltd Liability has 7,787 shares for 0.06% of their portfolio. Verition Fund Mgmt Limited Liability Co reported 0.03% in Visa Inc. (NYSE:V). Edgemoor Invest Advsrs Incorporated invested in 0.92% or 64,779 shares. State Treasurer State Of Michigan reported 1.41M shares. Mcf Lc holds 0.01% in Visa Inc. (NYSE:V) or 300 shares. Ok reported 170,362 shares. Davidson And Garrard stated it has 23,045 shares. King Luther Cap Corporation stated it has 0.65% of its portfolio in Visa Inc. (NYSE:V). Cap Mgmt Va invested in 45,970 shares.

Since December 13, 2017, it had 0 insider buys, and 3 selling transactions for $6.56 million activity. Another trade for 49,702 shares valued at $5.65M was made by MAHON TULLIER KELLY on Friday, December 15. Biggar Lynne sold $205,440 worth of stock. MATSCHULLAT ROBERT W had sold 6,220 shares worth $707,561 on Wednesday, December 13.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Mizuho on Friday, February 2 with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, September 12. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by RBC Capital Markets on Friday, September 22. Bank of America maintained it with “Buy” rating and $111 target in Friday, July 21 report. On Thursday, January 4 the stock rating was maintained by Mizuho with “Buy”. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Thursday, June 22 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 8. Wells Fargo initiated the stock with “Outperform” rating in Thursday, October 22 report. The firm earned “Buy” rating on Friday, July 21 by Instinet. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Wednesday, October 18 by KeyBanc Capital Markets.

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 19. They expect $1.01 earnings per share, up 17.44% or $0.15 from last year’s $0.86 per share. V’s profit will be $2.28B for 30.43 P/E if the $1.01 EPS becomes a reality. After $1.08 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -6.48% negative EPS growth.

Investors sentiment increased to 1.71 in Q3 2017. Its up 0.53, from 1.18 in 2017Q2. It increased, as 2 investors sold Sierra Bancorp shares while 22 reduced holdings. 14 funds opened positions while 27 raised stakes. 7.40 million shares or 1.88% more from 7.26 million shares in 2017Q2 were reported. Strs Ohio has invested 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR). Banc Funds Limited Liability holds 445,312 shares or 0.54% of its portfolio. D E Shaw And owns 13,301 shares. Tiaa Cref Inv Ltd Liability Co reported 35,452 shares stake. Vanguard accumulated 494,942 shares or 0% of the stock. Lsv Asset Management stated it has 132,480 shares. Legal & General Gp Public Limited Com reported 3,940 shares or 0% of all its holdings. Chicago Equity Prtn Limited Liability has 0.02% invested in Sierra Bancorp (NASDAQ:BSRR) for 17,530 shares. North Star Corporation holds 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 140 shares. Panagora Asset Management Inc holds 0.02% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 152,891 shares. Foundry Ptnrs Ltd Liability invested in 180,065 shares or 0.2% of the stock. Federated Investors Incorporated Pa has invested 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR). California Pub Employees Retirement System reported 0% stake. Sg Americas Llc reported 5,468 shares. Dimensional Fund Ltd Partnership stated it has 0.01% in Sierra Bancorp (NASDAQ:BSRR).

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 $409.97 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 19.8 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.

Since October 30, 2017, it had 1 insider purchase, and 1 insider sale for $25,242 activity. Another trade for 1,000 shares valued at $27,758 was made by EVANS ROBB on Monday, January 29. WOODS GORDON T sold $53,000 worth of stock or 2,000 shares.

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By1 William Brooks

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