Sierra Bancorp Upgraded to “Outperform” at Raymond James (BSRR)
Sierra Bancorp (NASDAQ:BSRR) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $18.00 price target on the stock. Raymond James’ price target suggests a potential upside of 12.82% from the company’s current price.
Sierra Bancorp (NASDAQ:BSRR) traded up 1.99% on Friday, hitting $15.89. 19,702 shares of the company’s stock traded hands. Sierra Bancorp has a 52 week low of $13.74 and a 52 week high of $19.89. The stock has a 50-day moving average of $15.61 and a 200-day moving average of $15.80. The company has a market cap of $222.6 million and a price-to-earnings ratio of 14.57.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.07. On average, analysts predict that Sierra Bancorp will post $1.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.08.
Separately, analysts at Zacks upgraded shares of Sierra Bancorp from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $18.20 price target on the stock.
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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