Sierra Bancorp (NASDAQ:BSRR – Get Free Report) Director Lynda Scearcy sold 5,300 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $41.46, for a total value of $219,738.00. Following the transaction, the director owned 5,839 shares of the company’s stock, valued at $242,084.94. This trade represents a 47.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Lynda Scearcy also recently made the following trade(s):
- On Monday, November 9th, Lynda Scearcy sold 12,725 shares of Sierra Bancorp stock. The shares were sold at an average price of $41.75, for a total value of $531,268.75.
- On Tuesday, November 3rd, Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock. The shares were sold at an average price of $42.15, for a total value of $337,621.50.
- On Thursday, October 29th, Lynda Scearcy sold 5,850 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.34, for a total value of $247,689.00.
Sierra Bancorp Price Performance
Shares of NASDAQ BSRR traded up $0.50 during midday trading on Monday, reaching $41.92. 67,993 shares of the company traded hands, compared to its average volume of 63,686. The firm has a market cap of $543.53 million, a PE ratio of 10.80 and a beta of 0.75. The stock’s 50-day simple moving average is $40.40 and its 200-day simple moving average is $38.42. Sierra Bancorp has a 12 month low of $28.35 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last issued its earnings results on Monday, October 26th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.91 by $0.27. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.89%. The company had revenue of $40.08 million for the quarter, compared to the consensus estimate of $39.23 million. As a group, equities analysts anticipate that Sierra Bancorp will post 3.86 earnings per share for the current fiscal year.
Sierra Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a $0.27 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. Sierra Bancorp’s payout ratio is 27.84%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BSRR. Weiss Ratings raised shares of Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 2nd. DA Davidson boosted their target price on Sierra Bancorp from $47.00 to $48.50 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Keefe, Bruyette & Woods increased their price target on Sierra Bancorp from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 3rd. Zacks Research raised Sierra Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Finally, Piper Sandler cut their price objective on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.
View Our Latest Research Report on BSRR
Institutional Investors Weigh In On Sierra Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in BSRR. Legal & General Group Plc bought a new stake in Sierra Bancorp during the 2nd quarter worth about $45,000. Ameritas Advisory Services LLC acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $94,000. Integrated Wealth Concepts LLC bought a new position in Sierra Bancorp during the 2nd quarter worth approximately $94,000. Public Employees Retirement System of Ohio bought a new position in Sierra Bancorp during the 2nd quarter worth approximately $149,000. Finally, Corient Private Wealth LP bought a new position in Sierra Bancorp during the 2nd quarter worth approximately $216,000. Institutional investors own 55.40% of the company’s stock.
About Sierra Bancorp
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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