Sierra Bancorp Upgraded to “Market Perform” by Raymond James (BSRR)
Sierra Bancorp (NASDAQ:BSRR) was upgraded by equities researchers at Raymond James from an “underperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
BSRR has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Sierra Bancorp from $16.00 to $18.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Sierra Bancorp currently has an average rating of “Hold” and an average target price of $15.25.
Sierra Bancorp (NASDAQ:BSRR) traded up 0.17% during mid-day trading on Friday, hitting $17.49. 17,408 shares of the company’s stock traded hands. Sierra Bancorp has a 52-week low of $9.80 and a 52-week high of $16.77. The stock’s 50-day moving average is $15.30 and its 200-day moving average is $14.12. The company has a market cap of $247.8 million and a P/E ratio of 25.27.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.06. Analysts expect that Sierra Bancorp will post $0.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, October 29th.
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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