Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, October 16th, Zacks reports. Shareholders of record on Friday, October 30th will be paid a dividend of 0.20 per share by the financial services provider on Thursday, November 12th. This represents a $0.80 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, October 29th.
Sierra Bancorp has raised its dividend payment by 54.2% over the last three years and has raised its dividend annually for the last 1 consecutive years.
Shares of NASDAQ:BSRR opened at $17.82 on Friday. The business’s fifty day moving average price is $17.53 and its two-hundred day moving average price is $17.93. Sierra Bancorp has a fifty-two week low of $13.05 and a fifty-two week high of $30.15. The stock has a market capitalization of $270.74 million, a price-to-earnings ratio of 7.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.87 and a quick ratio of 0.87.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, July 20th. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.13. Sierra Bancorp had a net margin of 26.05% and a return on equity of 10.91%. The company had revenue of $31.04 million during the quarter, compared to the consensus estimate of $30.00 million. Research analysts expect that Sierra Bancorp will post 1.96 EPS for the current fiscal year.
A number of equities analysts have weighed in on BSRR shares. Zacks Investment Research downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Piper Sandler dropped their target price on shares of Sierra Bancorp from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. ValuEngine cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 22nd. Finally, BidaskClub cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 21st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.00.
Sierra Bancorp Company Profile
Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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