BidaskClub upgraded shares of Sierra Bancorp (NASDAQ:BSRR) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning.
A number of other research firms have also recently weighed in on BSRR. FIG Partners started coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They set a market-perform rating and a $30.00 price objective for the company. Zacks Investment Research cut shares of Sierra Bancorp from a hold rating to a sell rating in a research report on Thursday, October 26th. ValuEngine cut shares of Sierra Bancorp from a buy rating to a hold rating in a research report on Saturday, November 25th. DA Davidson cut shares of Sierra Bancorp from a buy rating to a neutral rating in a research report on Tuesday, October 24th. Finally, Hovde Group set a $30.00 price objective on shares of Sierra Bancorp and gave the stock a hold rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $29.17.
Sierra Bancorp (NASDAQ BSRR) opened at $26.65 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a market cap of $408.29, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.69 and a beta of 0.75. Sierra Bancorp has a 12 month low of $23.10 and a 12 month high of $29.50.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The company had revenue of $27.91 million during the quarter, compared to analysts’ expectations of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. research analysts anticipate that Sierra Bancorp will post 1.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, January 31st. Sierra Bancorp’s dividend payout ratio is 47.06%.
In other news, Director Gordon T. Woods sold 3,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $27.76 per share, with a total value of $27,760.00. Following the completion of the transaction, the director now directly owns 16,200 shares of the company’s stock, valued at $449,712. The disclosure for this purchase can be found here. 20.77% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ford Financial Group Inc. acquired a new stake in shares of Sierra Bancorp in the fourth quarter valued at about $106,000. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp in the third quarter valued at about $148,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of Sierra Bancorp by 12.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock valued at $177,000 after buying an additional 800 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sierra Bancorp in the third quarter valued at about $204,000. Finally, Wells Fargo & Company MN raised its position in shares of Sierra Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 49.19% of the company’s stock.
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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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