Sierra Bancorp (NASDAQ:BSRR) Director Gordon T. Woods sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Sierra Bancorp (NASDAQ BSRR) traded down $0.39 on Thursday, reaching $26.88. The company had a trading volume of 32,100 shares, compared to its average volume of 36,520. Sierra Bancorp has a 12-month low of $23.07 and a 12-month high of $29.50. The firm has a market capitalization of $415.02, a PE ratio of 18.18, a PEG ratio of 2.25 and a beta of 0.80. 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 released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Sierra Bancorp had a return on equity of 9.87% and a net margin of 21.59%. The company had revenue of $24.35 million for the quarter, compared to analysts’ expectations of $23.90 million. equities analysts predict that Sierra Bancorp will post 1.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio (DPR) is 37.33%.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in Sierra Bancorp during the second quarter worth $118,000. SG Americas Securities LLC acquired a new position in Sierra Bancorp during the third quarter worth $148,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 800 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Sierra Bancorp during the third quarter worth $204,000. Finally, Trexquant Investment LP acquired a new position in Sierra Bancorp during the second quarter worth $204,000. Institutional investors own 49.24% of the company’s stock.
A number of research firms recently commented on BSRR. Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, August 22nd. ValuEngine upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, DA Davidson cut Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Sierra Bancorp currently has a consensus rating of “Hold” and a consensus price target of $28.15.
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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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