Sierra Bancorp (NASDAQ:BSRR) CAO Sells $17,951.64 in Stock

Sierra Bancorp (NASDAQ:BSRR) CAO Cindy L. Dabney sold 516 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.79, for a total value of $17,951.64. Following the transaction, the chief accounting officer now directly owns 6,348 shares in the company, valued at $220,846.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sierra Bancorp Price Performance

Shares of NASDAQ BSRR opened at $31.78 on Friday. The stock’s 50-day moving average is $29.05 and its two-hundred day moving average is $25.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.76. Sierra Bancorp has a 1-year low of $17.52 and a 1-year high of $35.13. The company has a market cap of $450.96 million, a price-to-earnings ratio of 12.61 and a beta of 0.89.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $52.59 million during the quarter, compared to analysts’ expectations of $38.30 million. Sierra Bancorp had a return on equity of 10.59% and a net margin of 17.91%. Analysts forecast that Sierra Bancorp will post 2.79 EPS for the current fiscal year.

Sierra Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.02%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BSRR. StockNews.com lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd.

Institutional Trading of Sierra Bancorp

A number of large investors have recently made changes to their positions in BSRR. Financial Management Professionals Inc. acquired a new stake in shares of Sierra Bancorp in the 3rd quarter valued at about $29,000. Lazard Asset Management LLC raised its stake in Sierra Bancorp by 45.7% during the 1st quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 957 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Sierra Bancorp during the 1st quarter valued at approximately $94,000. SG Americas Securities LLC purchased a new stake in Sierra Bancorp during the 3rd quarter valued at approximately $142,000. Finally, Panagora Asset Management Inc. raised its stake in Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 904 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.