Sierra Bancorp (BSRR) Declares $0.14 Quarterly Dividend
Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Shareholders of record on Thursday, August 3rd will be given a dividend of 0.14 per share by the financial services provider on Thursday, August 17th. This represents a $0.56 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, August 1st.
Sierra Bancorp (NASDAQ BSRR) traded down 0.42% during midday trading on Friday, reaching $23.99. 27,147 shares of the company’s stock traded hands. The firm has a market cap of $331.81 million, a price-to-earnings ratio of 18.33 and a beta of 0.85. Sierra Bancorp has a 1-year low of $16.98 and a 1-year high of $29.50. The stock’s 50 day moving average price is $24.64 and its 200 day moving average price is $26.15.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.02. Sierra Bancorp had a net margin of 19.99% and a return on equity of 8.79%. The firm had revenue of $22.02 million during the quarter, compared to the consensus estimate of $22.35 million. Equities research analysts anticipate that Sierra Bancorp will post $1.30 EPS for the current year.
Several brokerages recently issued reports on BSRR. DA Davidson raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, May 23rd. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, July 11th. ValuEngine raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 target price on shares of Sierra Bancorp in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.88.
In other Sierra Bancorp news, Director Robb Evans acquired 1,000 shares of the stock in a transaction on Friday, April 28th. The shares were purchased at an average price of $25.39 per share, for a total transaction of $25,390.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at approximately $380,850. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 15.24% of the company’s stock.
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Sierra Bancorp Company Profile
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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