Sierra Bancorp (NASDAQ:BSRR – Get Free Report) Director Vonn Christenson sold 3,947 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $38.05, for a total transaction of $150,183.35. Following the sale, the director owned 189 shares of the company’s stock, valued at $7,191.45. This trade represents a 95.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sierra Bancorp Trading Down 0.7%
Shares of BSRR stock opened at $37.29 on Wednesday. The firm has a 50 day moving average price of $35.02 and a two-hundred day moving average price of $33.80. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $487.72 million, a PE ratio of 10.87 and a beta of 0.76. Sierra Bancorp has a 12-month low of $26.49 and a 12-month high of $38.60.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.14. Sierra Bancorp had a net margin of 22.53% and a return on equity of 12.67%. The firm had revenue of $38.66 million during the quarter, compared to the consensus estimate of $39.68 million. As a group, analysts predict that Sierra Bancorp will post 3.73 earnings per share for the current year.
Sierra Bancorp Announces Dividend
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Sierra Bancorp during the second quarter valued at approximately $26,000. Russell Investments Group Ltd. raised its position in Sierra Bancorp by 3,714.3% during the third 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 raised its position 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 valued at $67,000 after purchasing an additional 829 shares in the last quarter. BNP Paribas Financial Markets raised its position in Sierra Bancorp by 121.6% during the third quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,956 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Sierra Bancorp during the fourth quarter valued at approximately $153,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sierra Bancorp in a research report on Friday, March 27th. DA Davidson reiterated a “buy” rating and issued a $44.00 price target on shares of Sierra Bancorp in a research report on Tuesday, April 28th. Finally, Piper Sandler dropped their price target on shares of Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.00.
View Our Latest Research Report on BSRR
About Sierra Bancorp
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.
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