Sierra Bancorp (NASDAQ:BSRR – Get Free Report) CEO Kevin Mcphaill sold 4,000 shares of Sierra Bancorp stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $42.85, for a total transaction of $171,400.00. Following the sale, the chief executive officer directly owned 63,807 shares of the company’s stock, valued at $2,734,129.95. The trade was a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sierra Bancorp Stock Performance
BSRR traded up $0.09 on Thursday, reaching $42.43. The company had a trading volume of 126,291 shares, compared to its average volume of 62,620. The stock has a market cap of $550.02 million, a P/E ratio of 10.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. Sierra Bancorp has a fifty-two week low of $27.93 and a fifty-two week high of $44.00. The company’s fifty day moving average is $40.05 and its 200 day moving average is $38.15.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.27. The firm had revenue of $40.08 million during the quarter, compared to the consensus estimate of $39.23 million. Sierra Bancorp had a net margin of 22.37% and a return on equity of 12.38%. As a group, analysts predict that Sierra Bancorp will post 3.55 earnings per share for the current fiscal year.
Sierra Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. Sierra Bancorp’s dividend payout ratio (DPR) is 27.84%.
Analysts Set New Price Targets
Several research firms recently weighed in on BSRR. Piper Sandler dropped their price target on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Raymond James Financial restated a “market perform” rating on shares of Sierra Bancorp in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sierra Bancorp in a report on Monday, September 21st. Finally, DA Davidson increased their price objective on Sierra Bancorp from $47.00 to $48.50 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Sierra Bancorp has a consensus rating of “Hold” and a consensus price target of $43.75.
Read Our Latest Stock Report on Sierra Bancorp
Institutional Trading of Sierra Bancorp
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Sierra Bancorp during the 2nd quarter worth $53,249,000. Jupiter Topco LLC bought a new position in shares of Sierra Bancorp in the second quarter worth about $17,865,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $14,576,000. Basswood Capital Management L.L.C. acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $7,503,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sierra Bancorp during the 2nd quarter valued at approximately $3,780,000. Institutional investors own 55.40% of the company’s stock.
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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