Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 5,000 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 5,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the sale, the director directly owned 30,133 shares of the company’s stock, valued at $1,054,655. The trade was a 14.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lynda Scearcy also recently made the following trade(s):

• On Tuesday, December 9th, Lynda Scearcy sold 100 shares of Sierra Bancorp stock. The shares were sold at an average price of $32.68, for a total transaction of $3,268.00.
• On Monday, November 10th, Lynda Scearcy sold 1,000 shares of Sierra Bancorp stock. The shares were sold at an average price of $30.00, for a total value of $30,000.00.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $35.05 on Friday. The business’s 50-day moving average is $32.30 and its two-hundred day moving average is $30.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.80. Sierra Bancorp has a 12 month low of $22.42 and a 12 month high of $35.50. The firm has a market capitalization of $466.09 million, a PE ratio of 12.21 and a beta of 0.81.

Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.07). Sierra Bancorp had a return on equity of 11.17% 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. Research analysts predict that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.00 annualized dividend and a yield of 2.9%. Sierra Bancorp’s dividend payout ratio (DPR) is 34.84%.

Analysts Set New Price Targets

A number of research firms have recently commented on BSRR. Weiss Ratings reissued a “buy (b)” rating on shares of Sierra Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on shares of Sierra Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Finally, DA Davidson reissued a “buy” rating and issued a $36.00 price objective on shares of Sierra Bancorp in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.50.

Institutional Trading of Sierra Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Sierra Bancorp during the 2nd quarter worth $26,000. Russell Investments Group Ltd. raised its stake in shares of Sierra Bancorp by 3,714.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,040 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 829 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Sierra Bancorp in the second quarter worth about $71,000. Finally, BNP Paribas Financial Markets grew its stake in Sierra Bancorp by 121.6% in the third quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,956 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Sierra Bancorp Company Profile

Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.

Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.