A number of research firms have changed their ratings and price targets for Sierra Bancorp (NASDAQ: BSRR):

  • 9/15/2017 – Sierra Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 9/14/2017 – Sierra Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 9/7/2017 – Sierra Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 9/6/2017 – Sierra Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 8/22/2017 – Sierra Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Sierra Bancorp is the bank holding company for the Bank of the Sierra. The Bank of the Sierra is the largest independent bank headquartered in the South Valley, and operates branch offices as well as real estate centers, agricultural credit centers and a bank card center. “
  • 8/12/2017 – Sierra Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/2/2017 – Sierra Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/28/2017 – Sierra Bancorp had its price target raised by analysts at Hovde Group from $26.50 to $27.75. They now have a “market perform” rating on the stock.
  • 7/27/2017 – Sierra Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Sierra Bancorp was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $27.00 price target on the stock.
  • 7/25/2017 – Sierra Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Sierra Bancorp (NASDAQ BSRR) traded down 0.261% during trading on Friday, reaching $24.795. 48,597 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $25.76 and a 200-day moving average of $25.74. The stock has a market capitalization of $343.11 million, a PE ratio of 17.980 and a beta of 0.88. Sierra Bancorp has a 52 week low of $17.25 and a 52 week high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%. The firm had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities research analysts anticipate that Sierra Bancorp will post $1.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.26%. The ex-dividend date was Tuesday, August 1st. Sierra Bancorp’s payout ratio is 40.88%.

In other Sierra Bancorp news, Director Robert L. Fields sold 2,465 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total value of $66,875.45. Following the completion of the transaction, the director now owns 410,078 shares in the company, valued at $11,125,416.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Fields sold 9,600 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $27.14, for a total value of $260,544.00. Following the completion of the transaction, the director now owns 412,543 shares of the company’s stock, valued at approximately $11,196,417.02. The disclosure for this sale can be found here. Insiders sold 12,165 shares of company stock valued at $330,119 in the last quarter. 15.24% of the stock is currently owned by company insiders.

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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