Sierra Bancorp (NASDAQ:BSRR) released its quarterly earnings results on Sunday. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05), MarketWatch Earnings reports. Sierra Bancorp had a return on equity of 11.06% and a net margin of 26.64%.
Shares of BSRR stock traded down $0.80 during mid-day trading on Tuesday, hitting $23.08. 2,158 shares of the stock were exchanged, compared to its average volume of 30,396. The stock’s fifty day simple moving average is $24.37 and its two-hundred day simple moving average is $20.40. The stock has a market capitalization of $354.49 million, a price-to-earnings ratio of 10.29 and a beta of 1.14. Sierra Bancorp has a 12-month low of $13.05 and a 12-month high of $28.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 12th. Shareholders of record on Friday, January 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, January 28th. Sierra Bancorp’s payout ratio is 34.33%.
BSRR has been the topic of a number of research reports. Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 21st. Raymond James upped their price objective on Sierra Bancorp from $21.50 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday. Piper Sandler cut their price objective on Sierra Bancorp from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. TheStreet raised Sierra Bancorp from a “c” rating to a “b-” rating in a report on Friday, October 23rd. Finally, Janney Montgomery Scott raised Sierra Bancorp from a “neutral” rating to a “buy” rating in a report on Tuesday, October 20th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.00.
In other Sierra Bancorp news, EVP Michael Olague sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $23.30, for a total transaction of $46,600.00. Following the transaction, the executive vice president now owns 39,447 shares of the company’s stock, valued at $919,115.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James C. Holly sold 3,781 shares of the stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $21.90, for a total transaction of $82,803.90. Following the sale, the director now owns 380,257 shares of the company’s stock, valued at approximately $8,327,628.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,588 shares of company stock worth $168,692. Corporate insiders own 10.34% of the company’s stock.
Sierra Bancorp Company Profile
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.
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