Key Points
- Director Lynda Scearcy sold 5,000 shares of Sierra Bancorp on Jan. 15 at $35.00 per share for $175,000, cutting her stake by 14.23% to 30,133 shares; she also sold smaller blocks in Nov. and Dec.
- Sierra Bancorp reported Q EPS of $0.72 (missing the $0.79 consensus) on $40.03M revenue, trades near its 1‑year high (~$35), has a market cap of ~$466M, pays a $0.25 quarterly dividend (2.9% yield), and carries a consensus analyst rating of “Moderate Buy” with an average target of $34.50.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Lynda Scearcy sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the director owned 30,133 shares of the company's stock, valued at $1,054,655. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Lynda Scearcy also recently made the following trade(s):
- On Tuesday, December 9th, Lynda Scearcy sold 100 shares of Sierra Bancorp stock. The stock was sold at an average price of $32.68, for a total value of $3,268.00.
- On Monday, November 10th, Lynda Scearcy sold 1,000 shares of Sierra Bancorp stock. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00.
Sierra Bancorp Price Performance
BSRR stock opened at $35.05 on Friday. The firm has a market cap of $466.09 million, a price-to-earnings ratio of 12.21 and a beta of 0.81. Sierra Bancorp has a 1-year low of $22.42 and a 1-year high of $35.50. The firm has a fifty day moving average price of $32.30 and a two-hundred day moving average price of $30.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.80.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.07). The business had revenue of $40.03 million for the quarter, compared to the consensus estimate of $39.57 million. Sierra Bancorp had a net margin of 19.70% and a return on equity of 11.17%. Research analysts predict that Sierra Bancorp will post 2.95 EPS for the current year.
Sierra Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. Sierra Bancorp's dividend payout ratio is 34.84%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Sierra Bancorp in a research note on Monday, December 29th. DA Davidson reissued a "buy" rating and set a $36.00 price target on shares of Sierra Bancorp in a report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Sierra Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Sierra Bancorp has a consensus rating of "Moderate Buy" and an average price target of $34.50.
Get Our Latest Stock Report on Sierra Bancorp
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in BSRR. SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp during the fourth quarter valued at $153,000. Gradient Investments LLC bought a new position in Sierra Bancorp in the 4th quarter valued at about $214,000. JPMorgan Chase & Co. increased its stake in Sierra Bancorp by 8.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,624 shares of the financial services provider's stock valued at $1,203,000 after buying an additional 3,127 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Sierra Bancorp by 2.8% during 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 buying an additional 480 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Sierra Bancorp during the 3rd quarter worth about $475,000. Institutional investors and hedge funds own 55.40% of the company's stock.
About Sierra Bancorp
(
Get Free Report)
Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.
Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.
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