Sierra Bancorp (NASDAQ:BSRR) Plans $0.23 Quarterly Dividend

Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.23 per share by the financial services provider on Monday, May 13th. This represents a $0.92 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Monday, April 29th.

Sierra Bancorp has raised its dividend payment by an average of 4.8% per year over the last three years. Sierra Bancorp has a payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sierra Bancorp to earn $2.47 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 37.2%.

Sierra Bancorp Price Performance

BSRR stock opened at $20.50 on Friday. The firm has a market cap of $300.33 million, a price-to-earnings ratio of 8.47 and a beta of 0.93. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sierra Bancorp has a 12-month low of $15.01 and a 12-month high of $23.21. The company’s fifty day simple moving average is $18.82 and its 200 day simple moving average is $19.55.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.26). The firm had revenue of $50.49 million during the quarter, compared to analyst estimates of $35.15 million. Sierra Bancorp had a net margin of 17.80% and a return on equity of 11.11%. On average, analysts expect that Sierra Bancorp will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BSRR shares. Janney Montgomery Scott upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $24.00 to $23.00 in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a report on Tuesday.

About Sierra Bancorp

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.