Sierra Bancorp (NASDAQ:BSRR – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $40.76 and last traded at $40.18, with a volume of 57673 shares traded. The stock had previously closed at $39.62.
Analyst Ratings Changes
BSRR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sierra Bancorp in a research report on Friday, March 27th. DA Davidson reaffirmed a “buy” rating and set a $44.00 price target on shares of Sierra Bancorp in a research report on Tuesday, April 28th. Piper Sandler dropped their price target on Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Zacks Research lowered Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.
View Our Latest Stock Analysis on BSRR
Sierra Bancorp Stock Performance
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.14. The company had revenue of $38.66 million for the quarter, compared to analyst estimates of $39.68 million. Sierra Bancorp had a return on equity of 12.67% and a net margin of 22.53%. As a group, analysts anticipate that Sierra Bancorp will post 3.73 EPS for the current fiscal year.
Sierra Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.04 dividend on an annualized basis and a yield of 2.6%. Sierra Bancorp’s dividend payout ratio is 30.32%.
Insider Transactions at Sierra Bancorp
In other news, Director Vonn R. Christenson sold 3,947 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.05, for a total transaction of $150,183.35. Following the completion of the transaction, the director directly owned 189 shares of the company’s stock, valued at $7,191.45. This trade represents a 95.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hugh F. Boyle sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $38.21, for a total transaction of $382,100.00. Following the transaction, the executive vice president directly owned 21,781 shares of the company’s stock, valued at $832,252.01. This represents a 31.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,000 shares of company stock valued at $954,108 in the last ninety days. 11.83% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sierra Bancorp
Several hedge funds have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. grew its stake in shares of Sierra Bancorp by 2.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 17,871 shares of the financial services provider’s stock worth $517,000 after acquiring an additional 480 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Sierra Bancorp by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 19,859 shares of the financial services provider’s stock worth $590,000 after acquiring an additional 527 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Sierra Bancorp by 1.2% during the 4th quarter. Panagora Asset Management Inc. now owns 48,191 shares of the financial services provider’s stock worth $1,575,000 after acquiring an additional 548 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Sierra Bancorp by 1.2% during the 2nd quarter. First Trust Advisors LP now owns 47,970 shares of the financial services provider’s stock worth $1,424,000 after acquiring an additional 577 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Sierra Bancorp by 6.9% during the 4th quarter. Franklin Resources Inc. now owns 10,240 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 662 shares in the last quarter. 55.40% of the stock is owned by institutional investors.
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.
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