Sierra Bancorp (NASDAQ:BSRR) Director Laurence S. Dutto acquired 500 shares of Sierra Bancorp stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $26.86 per share, with a total value of $13,430.00. Following the completion of the purchase, the director now directly owns 3,070 shares in the company, valued at $82,460.20. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Shares of Sierra Bancorp (NASDAQ:BSRR) traded down $0.26 during mid-day trading on Wednesday, reaching $27.92. The company’s stock had a trading volume of 24,854 shares, compared to its average volume of 24,445. Sierra Bancorp has a 1-year low of $23.10 and a 1-year high of $28.87. 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 stock has a market cap of $428.08, a price-to-earnings ratio of 20.65, a PEG ratio of 1.77 and a beta of 0.78.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a return on equity of 10.34% and a net margin of 19.02%. The business had revenue of $27.91 million during the quarter, compared to analyst estimates of $26.90 million. equities analysts anticipate that Sierra Bancorp will post 1.98 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of BSRR. Wells Fargo & Company MN increased its stake in Sierra Bancorp by 2.4% in 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 in the last quarter. Vanguard Group Inc. increased its stake in Sierra Bancorp by 9.7% in the 2nd quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock worth $12,274,000 after buying an additional 44,242 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Sierra Bancorp in the 2nd quarter worth $244,000. State Street Corp increased its stake in Sierra Bancorp by 6.3% in the 2nd quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock worth $5,298,000 after buying an additional 12,798 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Sierra Bancorp by 19.0% in the 3rd quarter. Nationwide Fund Advisors now owns 31,803 shares of the financial services provider’s stock worth $863,000 after buying an additional 5,072 shares in the last quarter. Institutional investors and hedge funds own 52.05% of the company’s stock.
BSRR has been the subject of several analyst reports. ValuEngine lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. BidaskClub lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. FIG Partners initiated coverage on Sierra Bancorp in a research note on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, December 26th. Finally, Hovde Group set a $30.00 price objective on Sierra Bancorp and gave the stock a “hold” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.17.
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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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