Susan Abundis Sells 600 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Key Points

  • Director Susan Abundis sold 600 shares of Sierra Bancorp at an average price of $33.50 (totaling $20,100), leaving her with 7,603 shares — a 7.31% decrease in her ownership.
  • Sierra Bancorp's most recent quarter showed an EPS miss ($0.72 vs. $0.79 expected); the stock traded around $33.84 (down 0.5%), with a market cap near $450M and a P/E of 11.79.
  • The company pays a quarterly dividend of $0.25 (annualized $1.00) for a 3.0% yield, and analysts hold a consensus "Moderate Buy" rating with an average price target of $34.50.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Susan Abundis sold 600 shares of the company's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $33.50, for a total value of $20,100.00. Following the completion of the sale, the director owned 7,603 shares of the company's stock, valued at approximately $254,700.50. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sierra Bancorp Trading Down 0.5%

Shares of NASDAQ BSRR traded down $0.18 during trading on Friday, hitting $33.84. 1,407 shares of the company were exchanged, compared to its average volume of 36,745. The company has a fifty day moving average price of $29.50 and a 200-day moving average price of $29.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $450.01 million, a PE ratio of 11.79 and a beta of 0.82. Sierra Bancorp has a 12-month low of $22.42 and a 12-month high of $34.68.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.07). The firm had revenue of $40.03 million for the quarter, compared to analysts' expectations of $39.57 million. Sierra Bancorp had a return on equity of 11.17% and a net margin of 19.70%. As a group, equities research analysts expect that Sierra Bancorp will post 2.95 EPS for the current year.

Sierra Bancorp Dividend Announcement




The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. Sierra Bancorp's dividend payout ratio is currently 34.84%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BSRR shares. Keefe, Bruyette & Woods raised their target price on Sierra Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 29th. Weiss Ratings restated a "buy (b-)" rating on shares of Sierra Bancorp in a report on Tuesday, October 14th. Zacks Research lowered shares of Sierra Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, DA Davidson reiterated a "buy" rating and set a $36.00 price target on shares of Sierra Bancorp in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.50.

Check Out Our Latest Research Report on Sierra Bancorp

Hedge Funds Weigh In On Sierra Bancorp

Several institutional investors have recently modified their holdings of BSRR. Raymond James Financial Inc. acquired a new stake in shares of Sierra Bancorp in the second quarter valued at $26,000. Russell Investments Group Ltd. raised its position in Sierra Bancorp by 3,714.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 1,040 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Sierra Bancorp by 57.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the financial services provider's stock valued at $67,000 after buying an additional 829 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Sierra Bancorp during the second quarter worth about $71,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 worth $103,000 after buying an additional 1,956 shares during the period. Institutional investors and hedge funds own 55.40% of the company's stock.

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.

Further Reading

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