Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 5,850 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR – Get Free Report) Director Lynda Scearcy sold 5,850 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $42.34, for a total value of $247,689.00. Following the completion of the transaction, the director directly owned 24,283 shares of the company’s stock, valued at approximately $1,028,142.22. This trade represents a 19.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sierra Bancorp Price Performance

BSRR opened at $42.43 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $549.89 million, a P/E ratio of 10.91 and a beta of 0.76. The company’s 50-day simple moving average is $40.10 and its two-hundred day simple moving average is $38.19. Sierra Bancorp has a 52-week low of $27.93 and a 52-week high of $44.00.

Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.27. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.86%. The firm had revenue of $40.08 million for the quarter, compared to the consensus estimate of $39.23 million. As a group, analysts predict that Sierra Bancorp will post 3.86 EPS for the current year.

Sierra Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be given 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 yield of 2.5%. Sierra Bancorp’s dividend payout ratio is 27.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BSRR shares. Weiss Ratings restated a “buy (b)” rating on shares of Sierra Bancorp in a report on Monday, September 21st. Piper Sandler decreased their target price on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Raymond James Financial reiterated a “market perform” rating on shares of Sierra Bancorp in a research note on Monday. Finally, DA Davidson increased their price target on Sierra Bancorp from $47.00 to $48.50 and gave the company a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.75.

Check Out Our Latest Report on BSRR

Institutional Trading of Sierra Bancorp

Several large investors have recently added to or reduced their stakes in BSRR. Sequoia Financial Advisors LLC bought a new stake in shares of Sierra Bancorp during the 2nd quarter valued at $385,000. Engineers Gate Manager LP purchased a new stake in shares of Sierra Bancorp in the 2nd quarter worth $375,000. Integrated Wealth Concepts LLC bought a new position in Sierra Bancorp in the 2nd quarter worth $94,000. Corient Private Wealth LP bought a new position in Sierra Bancorp in the 2nd quarter worth $219,000. Finally, Ameritas Advisory Services LLC bought a new position in Sierra Bancorp in the 2nd quarter worth $94,000. 55.40% of the stock is currently owned by institutional investors.

Sierra Bancorp Company Profile

(Get Free Report)

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

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