Sierra Bancorp (NASDAQ:BSRR) Director Robert L. Fields sold 9,600 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $27.14, for a total value of $260,544.00. Following the completion of the sale, the director now owns 412,543 shares of the company’s stock, valued at approximately $11,196,417.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sierra Bancorp (BSRR) opened at 25.39 on Friday. Sierra Bancorp has a 12 month low of $17.25 and a 12 month high of $29.50. The stock has a 50 day moving average price of $25.46 and a 200 day moving average price of $26.06. The firm has a market capitalization of $351.35 million, a P/E ratio of 18.41 and a beta of 0.86.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The company had revenue of $23.20 million during the quarter, compared to analyst estimates of $22.80 million. On average, analysts expect that Sierra Bancorp will post $1.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.21%. Sierra Bancorp’s dividend payout ratio is currently 40.88%.
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A number of large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Sierra Bancorp during the second quarter worth approximately $118,000. Cornerstone Capital Management Holdings LLC. raised its stake in Sierra Bancorp by 12.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after buying an additional 800 shares in the last quarter. American International Group Inc. raised its stake in Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after buying an additional 478 shares in the last quarter. Trexquant Investment LP purchased a new stake in Sierra Bancorp during the second quarter worth approximately $204,000. Finally, Wells Fargo & Company MN raised its position in shares of Sierra Bancorp by 2.4% in the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after buying an additional 196 shares during the period. Institutional investors own 53.92% of the company’s stock.
A number of analysts have recently issued reports on the company. Raymond James Financial, Inc. upgraded Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price objective on shares of Sierra Bancorp in a report on Friday, July 14th. BidaskClub upgraded Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $27.75.
Sierra Bancorp Company Profile
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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