Sierra Bancorp (BSRR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sierra Bancorp (NASDAQ:BSRR) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.67.

Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 8th. Zacks Investment Research downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Sandler O’Neill reissued a “neutral” rating on shares of Sierra Bancorp in a research report on Thursday, July 26th. Finally, Hovde Group reissued a “buy” rating and set a $32.00 target price on shares of Sierra Bancorp in a research report on Thursday, July 26th.

In other news, EVP James F. Gardunio sold 2,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $30.22, for a total transaction of $60,440.00. Following the completion of the sale, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at $60,440. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin J. Mcphaill sold 4,801 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $29.37, for a total transaction of $141,005.37. Following the completion of the sale, the chief executive officer now directly owns 12,230 shares of the company’s stock, valued at $359,195.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,301 shares of company stock valued at $275,320. 10.21% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of BSRR. Wells Fargo & Company MN grew its position in Sierra Bancorp by 11.6% in the 1st quarter. Wells Fargo & Company MN now owns 19,081 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 1,987 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Sierra Bancorp by 28.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,300 shares of the financial services provider’s stock worth $728,000 after purchasing an additional 6,100 shares in the last quarter. BlackRock Inc. grew its position in Sierra Bancorp by 6.6% in the 1st quarter. BlackRock Inc. now owns 861,346 shares of the financial services provider’s stock worth $22,946,000 after purchasing an additional 53,510 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sierra Bancorp by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,002,535 shares of the financial services provider’s stock worth $26,708,000 after purchasing an additional 37,009 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Sierra Bancorp by 90.2% in the 2nd quarter. Acadian Asset Management LLC now owns 4,834 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 2,292 shares in the last quarter. 51.73% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ BSRR opened at $27.81 on Friday. Sierra Bancorp has a 1-year low of $24.32 and a 1-year high of $31.18. The stock has a market cap of $424.46 million, a PE ratio of 17.94, a P/E/G ratio of 1.77 and a beta of 0.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 22nd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $29.50 million for the quarter, compared to the consensus estimate of $28.75 million. Sierra Bancorp had a return on equity of 11.09% and a net margin of 21.44%. Equities analysts anticipate that Sierra Bancorp will post 1.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, October 31st. Sierra Bancorp’s payout ratio is presently 41.29%.

About Sierra Bancorp

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

Read More: Google Finance Portfolio Workaround

Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply