Sierra Bancorp (NASDAQ:BSRR – Get Free Report) announced a quarterly dividend on Friday, October 23rd. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.27 per share by the financial services provider on Monday, November 9th. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 2nd.
Sierra Bancorp has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 2 years. Sierra Bancorp has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sierra Bancorp to earn $3.79 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 28.5%.
Sierra Bancorp Stock Up 3.3%
NASDAQ:BSRR traded up $1.33 during mid-day trading on Friday, reaching $41.74. The company’s stock had a trading volume of 87,097 shares, compared to its average volume of 61,073. The stock has a fifty day moving average of $39.93 and a 200-day moving average of $39.34. Sierra Bancorp has a 1 year low of $26.62 and a 1 year high of $43.13. The firm has a market capitalization of $540.95 million, a PE ratio of 12.20 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.12). Sierra Bancorp had a net margin of 22.37% and a return on equity of 12.38%. The business had revenue of $38.98 million for the quarter, compared to analysts’ expectations of $39.59 million. Equities research analysts forecast that Sierra Bancorp will post 3.55 earnings per share for the current year.
Sierra Bancorp Company Profile
Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.
Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.
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