Gordon T. Woods Sells 3,000 Shares of Sierra Bancorp (BSRR) Stock

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.

WARNING: “Gordon T. Woods Sells 3,000 Shares of Sierra Bancorp (BSRR) Stock” was posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/12/07/gordon-t-woods-sells-3000-shares-of-sierra-bancorp-bsrr-stock.html.

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.

Insider Buying and Selling by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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