Key Points
- CAO Cindy Dabney sold 3,443 shares on Dec. 3 at an average price of $32 for $110,176, cutting her stake by 34.75% to 6,465 shares.
- Sierra Bancorp reported Q3 EPS of $0.72 versus a $0.79 consensus and revenue of $40.03M, with a return on equity of 11.17% and a net margin of 19.7%.
- BSRR traded near $32.63 with a market cap of about $434M and a P/E of 11.37; it pays a $0.25 quarterly dividend (annualized $1.00, yield 3.1%) and carries a MarketBeat consensus rating of Moderate Buy with a $34.50 target.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) CAO Cindy Dabney sold 3,443 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $32.00, for a total value of $110,176.00. Following the sale, the chief accounting officer owned 6,465 shares of the company's stock, valued at $206,880. This represents a 34.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Sierra Bancorp Trading Up 0.8%
BSRR stock traded up $0.26 during midday trading on Friday, hitting $32.63. The company had a trading volume of 1,618 shares, compared to its average volume of 36,569. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 52 week low of $22.42 and a 52 week high of $32.81. The stock's 50 day moving average price is $29.09 and its 200 day moving average price is $29.33. The stock has a market cap of $433.98 million, a price-to-earnings ratio of 11.37 and a beta of 0.82.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.07). Sierra Bancorp had a return on equity of 11.17% and a net margin of 19.70%.The firm had revenue of $40.03 million during the quarter, compared to the consensus estimate of $39.57 million. As a group, equities research analysts expect that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.
Sierra Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $0.25 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. Sierra Bancorp's payout ratio is presently 34.84%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Sierra Bancorp by 2.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 17,871 shares of the financial services provider's stock valued at $517,000 after purchasing an additional 480 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Sierra Bancorp in the third quarter worth $475,000. Two Sigma Investments LP raised its holdings in Sierra Bancorp by 30.8% in the third quarter. Two Sigma Investments LP now owns 29,240 shares of the financial services provider's stock worth $845,000 after purchasing an additional 6,884 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Sierra Bancorp by 5.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 63,369 shares of the financial services provider's stock worth $1,832,000 after purchasing an additional 3,107 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Sierra Bancorp by 121.6% during the third quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider's stock valued at $103,000 after buying an additional 1,956 shares during the period. Institutional investors own 55.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BSRR. DA Davidson reiterated a "buy" rating and set a $36.00 target price on shares of Sierra Bancorp in a report on Tuesday, October 28th. Keefe, Bruyette & Woods increased their price objective on Sierra Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, October 29th. Zacks Research cut Sierra Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Sierra Bancorp in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.
Get Our Latest Research Report on BSRR
Sierra Bancorp Company Profile
(
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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