Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 1,000 Shares

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 1,000 shares of Sierra Bancorp stock in a transaction on Monday, November 10th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the director owned 30,233 shares in the company, valued at $906,990. This trade represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sierra Bancorp Trading Down 0.9%

Shares of BSRR stock traded down $0.27 during trading hours on Friday, reaching $29.19. The company’s stock had a trading volume of 14,365 shares, compared to its average volume of 36,482. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $388.10 million, a P/E ratio of 10.17 and a beta of 0.84. The firm’s fifty day simple moving average is $28.98 and its 200 day simple moving average is $29.01. Sierra Bancorp has a one year low of $22.42 and a one year high of $33.50.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.07). Sierra Bancorp had a return on equity of 11.21% and a net margin of 19.70%.The company had revenue of $40.03 million during the quarter, compared to analysts’ expectations of $39.57 million. Equities research analysts expect that Sierra Bancorp will post 2.95 EPS for the current year.

Sierra Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, November 3rd. Sierra Bancorp’s dividend payout ratio is presently 34.84%.

Wall Street Analysts Forecast Growth

BSRR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of Sierra Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Sierra Bancorp in a research note on Tuesday, October 14th. DA Davidson reiterated a “buy” rating and issued a $36.00 target price on shares of Sierra Bancorp in a research note on Tuesday, October 28th. Finally, Zacks Research downgraded shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.50.

Institutional Trading of Sierra Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Sierra Bancorp during the 2nd quarter worth approximately $26,000. Russell Investments Group Ltd. grew its stake in shares of Sierra Bancorp by 3,714.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,040 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Sierra Bancorp by 57.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the financial services provider’s stock worth $67,000 after buying an additional 829 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Sierra Bancorp in the second quarter valued at about $71,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Sierra Bancorp by 121.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,956 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.