Key Points
- Director Lynda Scearcy sold 8,010 Sierra Bancorp shares at an average $42.15, worth about $337,622, reducing her direct stake by 32.99% to 16,273 shares. She had also sold 5,850 shares on October 29.
- Sierra Bancorp’s latest quarterly results beat estimates: EPS was $1.18 versus the $0.91 consensus, and revenue was $40.08 million versus $39.23 million expected.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $43.83. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 2.5% annualized yield.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $42.15, for a total value of $337,621.50. Following the completion of the transaction, the director directly owned 16,273 shares in the company, valued at $685,906.95. This represents a 32.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Lynda Scearcy also recently made the following trade(s):
- On Thursday, October 29th, Lynda Scearcy sold 5,850 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.34, for a total value of $247,689.00.
Sierra Bancorp Price Performance
BSRR stock opened at $42.85 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a one year low of $28.35 and a one year high of $44.00. The firm has a market capitalization of $555.76 million, a PE ratio of 10.83 and a beta of 0.75. The firm has a 50-day moving average of $40.32 and a two-hundred day moving average of $38.35.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its earnings results on Monday, October 26th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.91 by $0.27. The company had revenue of $40.08 million during the quarter, compared to analysts' expectations of $39.23 million. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.89%. On average, analysts forecast that Sierra Bancorp will post 3.86 earnings per share for the current year.
Sierra Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. Sierra Bancorp's dividend payout ratio (DPR) is currently 27.84%.
Institutional Trading of Sierra Bancorp
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Sierra Bancorp in the 2nd quarter valued at approximately $53,249,000. Jupiter Topco LLC purchased a new stake in Sierra Bancorp in the 2nd quarter worth approximately $17,865,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Sierra Bancorp during the 2nd quarter valued at $14,576,000. Janus Henderson Group PLC boosted its stake in shares of Sierra Bancorp by 32.9% during the 1st quarter. Janus Henderson Group PLC now owns 344,133 shares of the financial services provider's stock valued at $11,673,000 after buying an additional 85,098 shares during the period. Finally, Basswood Capital Management L.L.C. acquired a new stake in shares of Sierra Bancorp during the 2nd quarter valued at $7,503,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Sierra Bancorp from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Tuesday. Zacks Research raised Sierra Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 28th. Raymond James Financial reiterated a "market perform" rating on shares of Sierra Bancorp in a report on Monday, October 26th. Weiss Ratings upgraded Sierra Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. Finally, Piper Sandler dropped their price target on Sierra Bancorp from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.83.
Read Our Latest Stock Report on BSRR
About Sierra Bancorp
(
Get Free Report)
Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California's Central Valley and surrounding communities.
Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.
Further Reading
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