Sierra Bancorp (NASDAQ:BSRR) Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $28.50, for a total transaction of $85,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Sierra Bancorp (NASDAQ:BSRR) traded down $0.78 during trading on Tuesday, hitting $27.27. 90,250 shares of the stock were exchanged, compared to its average volume of 36,539. The firm has a market cap of $424.76, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.30 and a beta of 0.80. Sierra Bancorp has a fifty-two week low of $22.82 and a fifty-two week high of $29.50. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $24.35 million for the quarter, compared to analysts’ expectations of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. equities analysts expect that Sierra Bancorp will post 1.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.14 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.05%. Sierra Bancorp’s payout ratio is 37.33%.
A number of equities analysts have recently commented on BSRR shares. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, August 22nd. ValuEngine raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, DA Davidson cut shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Sierra Bancorp presently has a consensus rating of “Hold” and an average target price of $28.15.
Several institutional investors have recently made changes to their positions in BSRR. Vanguard Group Inc. increased its holdings in shares of Sierra Bancorp by 22.4% in the 1st quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock valued at $12,500,000 after acquiring an additional 83,492 shares during the period. Geode Capital Management LLC increased its stake in Sierra Bancorp by 13.6% in the 1st quarter. Geode Capital Management LLC now owns 83,977 shares of the financial services provider’s stock valued at $2,303,000 after buying an additional 10,073 shares during the period. Dimensional Fund Advisors LP increased its stake in Sierra Bancorp by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 876,353 shares of the financial services provider’s stock valued at $24,038,000 after buying an additional 48,508 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Sierra Bancorp by 33.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 21,200 shares of the financial services provider’s stock valued at $582,000 after buying an additional 5,300 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Sierra Bancorp by 175.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,400 shares of the financial services provider’s stock valued at $476,000 after buying an additional 12,350 shares during the period. 49.24% of the stock is currently owned by institutional investors and hedge funds.
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About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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