Several other research analysts have also commented on the stock. Raymond James reduced their price objective on shares of Sierra Bancorp from $29.00 to $28.00 and set an outperform rating for the company in a research note on Thursday, August 29th. ValuEngine upgraded shares of Sierra Bancorp from a sell rating to a hold rating in a research note on Friday, October 4th. Finally, Zacks Investment Research upgraded shares of Sierra Bancorp from a strong sell rating to a hold rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sierra Bancorp has an average rating of Hold and a consensus price target of $28.50.
Shares of BSRR stock traded down $0.07 during trading hours on Friday, reaching $27.66. 18,500 shares of the stock were exchanged, compared to its average volume of 27,836. Sierra Bancorp has a 12-month low of $22.67 and a 12-month high of $28.92. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $429.93 million, a price-to-earnings ratio of 14.41 and a beta of 0.91. The company’s 50-day moving average price is $26.82 and its 200-day moving average price is $26.04.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Sierra Bancorp had a net margin of 25.98% and a return on equity of 12.15%. The business had revenue of $30.24 million during the quarter, compared to analyst estimates of $29.82 million. On average, sell-side analysts expect that Sierra Bancorp will post 2.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.76 annualized dividend and a dividend yield of 2.75%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 39.58%.
In related news, EVP James F. Gardunio sold 3,162 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $27.77, for a total transaction of $87,808.74. Following the completion of the transaction, the executive vice president now owns 838 shares in the company, valued at approximately $23,271.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James C. Holly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $26.81, for a total transaction of $134,050.00. Following the transaction, the director now owns 381,476 shares of the company’s stock, valued at approximately $10,227,371.56. The disclosure for this sale can be found here. Insiders own 10.34% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BSRR. Marshall Wace LLP bought a new position in shares of Sierra Bancorp during the 2nd quarter worth approximately $253,000. Gradient Investments LLC bought a new position in shares of Sierra Bancorp during the 2nd quarter worth approximately $271,000. Pacific Wealth Strategies Group Inc. grew its position in Sierra Bancorp by 14.2% during the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 10,031 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,250 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Sierra Bancorp during the 2nd quarter worth approximately $338,000. Finally, H D Vest Advisory Services purchased a new stake in Sierra Bancorp during the 2nd quarter worth approximately $345,000. Hedge funds and other institutional investors own 53.88% of the company’s stock.
Sierra Bancorp Company Profile
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. The company 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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