Sierra Bancorp (NASDAQ:BSRR) Director Laurence S. Dutto purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average cost of $26.86 per share, with a total value of $13,430.00. Following the completion of the acquisition, the director now directly owns 3,070 shares in the company, valued at $82,460.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Sierra Bancorp (NASDAQ:BSRR) traded up $0.18 during mid-day trading on Thursday, reaching $28.10. 15,191 shares of the company traded hands, compared to its average volume of 24,268. Sierra Bancorp has a 12-month low of $23.10 and a 12-month high of $28.87. The company has a market cap of $428.99, a P/E ratio of 20.66, a P/E/G ratio of 1.78 and a beta of 0.78. 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, 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. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. The company had revenue of $27.91 million during the quarter, compared to the consensus estimate of $26.90 million. equities research analysts predict that Sierra Bancorp will post 1.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.16 dividend. The ex-dividend date was Wednesday, January 31st. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.28%. Sierra Bancorp’s payout ratio is currently 47.06%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ford Financial Group Inc. bought a new position in shares of Sierra Bancorp in the fourth quarter worth about $106,000. SG Americas Securities LLC bought a new position in shares of Sierra Bancorp in the third quarter worth about $148,000. MetLife Investment Advisors LLC bought a new position in shares of Sierra Bancorp in the fourth quarter worth about $155,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Sierra Bancorp in the third quarter worth about $204,000. Finally, Wells Fargo & Company MN raised its stake 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 worth $205,000 after acquiring an additional 196 shares during the last quarter. 52.05% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the stock. Hovde Group set a $30.00 price target on shares of Sierra Bancorp and gave the company a “hold” rating in a report on Monday, February 5th. BidaskClub downgraded shares of Sierra Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, FIG Partners assumed coverage on shares of Sierra Bancorp in a report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.17.
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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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