Sierra Bancorp (NASDAQ:BSRR - Get Free Report) CAO Cindy L. Dabney sold 516 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.79, for a total transaction of $17,951.64. Following the completion of the transaction, the chief accounting officer now owns 6,348 shares in the company, valued at $220,846.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Sierra Bancorp Trading Up 18.5 %
Shares of Sierra Bancorp stock opened at $34.59 on Thursday. Sierra Bancorp has a fifty-two week low of $17.52 and a fifty-two week high of $35.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $490.83 million, a P/E ratio of 13.73 and a beta of 0.89. The company has a fifty day moving average of $29.00 and a 200 day moving average of $25.55.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million. Sierra Bancorp had a return on equity of 10.59% and a net margin of 17.91%. On average, sell-side analysts anticipate that Sierra Bancorp will post 2.79 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, October 31st. Sierra Bancorp's dividend payout ratio (DPR) is currently 38.10%.
Analysts Set New Price Targets
BSRR has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Sierra Bancorp from $23.00 to $29.00 and gave the company a "market perform" rating in a report on Tuesday, July 23rd. StockNews.com cut shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th.
Get Our Latest Stock Analysis on Sierra Bancorp
Hedge Funds Weigh In On Sierra Bancorp
Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC increased its holdings in Sierra Bancorp by 45.7% in the 1st quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 957 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Sierra Bancorp by 8.2% in the second quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider's stock worth $268,000 after purchasing an additional 904 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Sierra Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider's stock worth $13,737,000 after buying an additional 5,830 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Sierra Bancorp by 8.0% in the first quarter. Empowered Funds LLC now owns 66,202 shares of the financial services provider's stock worth $1,337,000 after buying an additional 4,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Sierra Bancorp by 24.0% during the third quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider's stock valued at $2,137,000 after buying an additional 14,335 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.
About Sierra Bancorp
(
Get Free Report)
Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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