Key Points
- Director James Holly sold 5,000 shares on Feb. 5 at an average price of $37.93 for $189,650, trimming his stake by 1.62% to 302,970 shares valued at about $11.49 million.
- Sierra Bancorp raised its quarterly dividend to $0.26 (annualized $1.04) for a 2.8% yield, with an ex-dividend date of Feb. 9 and payment on Feb. 17.
- Quarterly EPS of $0.97 beat estimates of $0.85 while revenue of $39.16M slightly missed $40.04M; analysts have a consensus "Buy" on the stock with a $38.50 target (DA Davidson $44).
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Julie Castle sold 750 shares of the business's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $37.93, for a total transaction of $28,447.50. Following the completion of the transaction, the director owned 2,431 shares in the company, valued at approximately $92,207.83. This trade represents a 23.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Sierra Bancorp Price Performance
Shares of Sierra Bancorp stock opened at $36.90 on Tuesday. The stock has a market capitalization of $490.77 million, a price-to-earnings ratio of 11.83 and a beta of 0.79. The firm's 50-day moving average price is $34.19 and its two-hundred day moving average price is $31.06. 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 1-year low of $22.42 and a 1-year high of $38.57.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its earnings results on Monday, February 2nd. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. Sierra Bancorp had a return on equity of 11.90% and a net margin of 20.96%.The business had revenue of $39.16 million for the quarter, compared to the consensus estimate of $40.04 million. On average, equities analysts predict that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.
Sierra Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, February 9th. This is a boost from Sierra Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.8%. Sierra Bancorp's dividend payout ratio (DPR) is currently 32.05%.
Analyst Ratings Changes
Several research analysts recently issued reports on BSRR shares. DA Davidson upped their price target on shares of Sierra Bancorp from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Sierra Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Sierra Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Sierra Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $38.50.
Get Our Latest Analysis on Sierra Bancorp
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. grew its position in shares of 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 worth $517,000 after buying an additional 480 shares during the period. Rhumbline Advisers boosted its stake in Sierra Bancorp by 2.7% in the second quarter. Rhumbline Advisers now owns 19,859 shares of the financial services provider's stock valued at $590,000 after acquiring an additional 527 shares during the last quarter. First Trust Advisors LP grew its holdings in Sierra Bancorp by 1.2% during the 2nd quarter. First Trust Advisors LP now owns 47,970 shares of the financial services provider's stock worth $1,424,000 after acquiring an additional 577 shares during the period. Federated Hermes Inc. raised its position in shares of Sierra Bancorp by 5.5% during the 2nd quarter. Federated Hermes Inc. now owns 12,826 shares of the financial services provider's stock valued at $381,000 after acquiring an additional 665 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted 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 purchasing an additional 829 shares during the period. Institutional investors own 55.40% of the company's stock.
Sierra Bancorp Company Profile
(
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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