Sierra Bancorp (BSRR) To Go Ex-Dividend on July 31st

Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Thursday, July 18th, investing.com reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.24 per share by the financial services provider on Thursday, August 15th. This represents a $0.96 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.23.

Sierra Bancorp has raised its dividend by an average of 4.8% per year over the last three years. Sierra Bancorp has a dividend payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sierra Bancorp to earn $2.79 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 34.4%.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $29.71 on Monday. The company has a market cap of $433.77 million, a P/E ratio of 12.28 and a beta of 0.91. The firm’s 50 day moving average is $22.69 and its two-hundred day moving average is $20.74. Sierra Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $31.85. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.25.

Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, July 22nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $51.13 million for the quarter, compared to analyst estimates of $36.30 million. Sierra Bancorp had a return on equity of 10.82% and a net margin of 17.77%. Analysts expect that Sierra Bancorp will post 2.76 EPS for the current year.

Insider Activity at Sierra Bancorp

In other Sierra Bancorp news, EVP Michael Olague sold 4,753 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $22.29, for a total transaction of $105,944.37. Following the sale, the executive vice president now directly owns 31,353 shares in the company, valued at approximately $698,858.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BSRR has been the topic of a number of recent research reports. Janney Montgomery Scott cut shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 15th. Keefe, Bruyette & Woods upped their price target on shares of Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th.

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.