Sierra Bancorp (BSRR) Announces Quarterly Dividend of $0.07
Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Friday, October 18th, Analyst Ratings Network.com reports. Shareholders of record on Thursday, October 31st will be given a dividend of $0.07 per share on Thursday, November 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.64%.
A number of research firms have recently commented on BSRR. Analysts at Zacks downgraded shares of Sierra Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $18.00 price target on the stock. On a related note, analysts at Thomson Reuters/Verus upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Sierra Bancorp presently has a consensus rating of “Hold” and an average price target of $14.75.
Sierra Bancorp (NASDAQ:BSRR) opened at 17.08 on Friday. Sierra Bancorp has a 1-year low of $9.80 and a 1-year high of $17.56. The stock has a 50-day moving average of $15.81 and a 200-day moving average of $14.65. The company has a market cap of $242.0 million and a price-to-earnings ratio of 24.72.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings data on Monday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. Analysts expect that Sierra Bancorp will post $0.78 EPS for the current fiscal year.
Operates as a holding company with the Bank of the Sierra as subsidiary. The Company’s deposit products include checking, interest-bearing transaction, savings, money market demand, time deposit, retirement, and sweep accounts.
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