Insider Selling: Sierra Bancorp (NASDAQ:BSRR) Director Sells 2,540 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director Albert L. Berra sold 2,540 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the sale, the director now directly owns 150,063 shares of the company’s stock, valued at $4,838,031.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sierra Bancorp Trading Down 0.4 %

Sierra Bancorp stock opened at $32.17 on Thursday. Sierra Bancorp has a 12-month low of $17.69 and a 12-month high of $35.13. The firm has a market capitalization of $462.93 million, a price-to-earnings ratio of 12.77 and a beta of 0.89. The firm has a 50 day moving average of $29.24 and a 200 day moving average of $25.97. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $52.59 million for the quarter, compared to the consensus estimate of $38.30 million. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. As a group, research analysts predict that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $0.24 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.96 annualized dividend and a dividend yield of 2.98%. Sierra Bancorp’s payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods raised their target price on Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd.

Institutional Trading of Sierra Bancorp

Institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in Sierra Bancorp during the third quarter valued at $29,000. Lazard Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 957 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Sierra Bancorp during the first quarter valued at about $94,000. SG Americas Securities LLC purchased a new position in shares of Sierra Bancorp during the third quarter valued at about $142,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of Sierra Bancorp by 8.2% in the second quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 904 shares during the last quarter. Hedge funds and other institutional investors own 55.40% 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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.