Sierra Bancorp (BSRR) Announces Dividend Increase – $0.16 Per Share

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Investors of record on Thursday, February 1st will be paid a dividend of 0.16 per share by the financial services provider on Thursday, February 15th. This represents a $0.64 annualized dividend and a yield of 2.25%. The ex-dividend date is Wednesday, January 31st. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.14.

Shares of Sierra Bancorp (NASDAQ:BSRR) traded up $0.06 on Monday, reaching $28.44. 33,994 shares of the company traded hands, compared to its average volume of 27,254. The stock has a market cap of $432.82, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.82 and a beta of 0.80. Sierra Bancorp has a 12-month low of $23.10 and a 12-month high of $29.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.76.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $24.35 million for the quarter, compared to analyst estimates of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. research analysts anticipate that Sierra Bancorp will post 1.52 earnings per share for the current year.

In other Sierra Bancorp news, Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total transaction of $85,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robb Evans purchased 1,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director now directly owns 16,000 shares of the company’s stock, valued at $416,000. The disclosure for this purchase can be found here. 20.77% of the stock is owned by corporate insiders.

Several analysts recently issued reports on BSRR shares. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Monday, September 25th. DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, FIG Partners assumed coverage on shares of Sierra Bancorp in a research note on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.79.

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About Sierra Bancorp

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.

Dividend History for Sierra Bancorp (NASDAQ:BSRR)

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