Sierra Bancorp (BSRR) Receives Consensus Rating of “Hold” from Analysts

Shares of Sierra Bancorp (NASDAQ:BSRR) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $28.55.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, December 26th. DA Davidson downgraded shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. BidaskClub downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Finally, FIG Partners initiated coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 target price for the company.

Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $27.48 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $418.80, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. Sierra Bancorp has a 1 year low of $23.10 and a 1 year high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $27.91 million during the quarter, compared to the consensus estimate of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. sell-side analysts predict that Sierra Bancorp will post 2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.16 per share. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, January 31st. Sierra Bancorp’s dividend payout ratio is currently 41.18%.

In related news, Director Gordon T. Woods sold 3,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.50, for a total transaction of $85,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robb Evans acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $27.76 per share, with a total value of $27,760.00. Following the completion of the acquisition, the director now owns 16,200 shares in the company, valued at approximately $449,712. The disclosure for this purchase can be found here. 20.77% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Sierra Bancorp during the 2nd quarter worth $118,000. SG Americas Securities LLC bought a new stake in shares of Sierra Bancorp during the 3rd quarter worth $148,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Sierra Bancorp by 12.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after buying an additional 800 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sierra Bancorp during the 3rd quarter worth $204,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Sierra Bancorp by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after buying an additional 196 shares during the period. 49.22% of the stock is owned by institutional investors and hedge funds.

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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.

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