Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Albert L. Berra sold 2,540 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the completion of the sale, the director now directly owns 150,063 shares in the company, valued at approximately $4,838,031.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Sierra Bancorp Stock Down 1.9 %
BSRR opened at $32.29 on Wednesday. The stock has a market capitalization of $458.36 million, a price-to-earnings ratio of 12.81 and a beta of 0.89. The firm has a 50 day moving average price of $29.20 and a 200-day moving average price of $25.93. Sierra Bancorp has a twelve month low of $17.68 and a twelve month high of $35.13. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.24.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a return on equity of 10.59% and a net margin of 17.91%. The firm had revenue of $52.59 million for the quarter, compared to analysts' expectations of $38.30 million. Equities research analysts forecast that Sierra Bancorp will post 2.79 earnings per share for the current year.
Sierra Bancorp Dividend Announcement
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The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.97%. Sierra Bancorp's dividend payout ratio is currently 38.10%.
Hedge Funds Weigh In On Sierra Bancorp
Several institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in shares of Sierra Bancorp during the 3rd quarter worth $29,000. Lazard Asset Management LLC raised 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 worth $61,000 after purchasing an additional 957 shares during the period. Acadian Asset Management LLC purchased a new position in Sierra Bancorp during the first quarter valued at $94,000. SG Americas Securities LLC bought a new stake in Sierra Bancorp during the third quarter valued at about $142,000. Finally, Panagora Asset Management Inc. increased its position in 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 buying an additional 904 shares in the last quarter. Institutional investors own 55.40% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on BSRR shares. StockNews.com lowered shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods lifted their target price on Sierra Bancorp from $23.00 to $29.00 and gave the stock a "market perform" rating in a report on Tuesday, July 23rd.
Get Our Latest Stock Analysis on BSRR
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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