Christopher Treece Sells 10,000 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR) CFO Christopher Treece sold 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $38.18, for a total value of $381,800.00. Following the transaction, the chief financial officer owned 39,095 shares in the company, valued at $1,492,647.10. This trade represents a 20.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sierra Bancorp Stock Performance

NASDAQ BSRR opened at $38.19 on Friday. The business’s 50-day moving average price is $35.55 and its 200 day moving average price is $34.30. Sierra Bancorp has a twelve month low of $26.49 and a twelve month high of $38.87. The company has a market capitalization of $499.53 million, a PE ratio of 11.13 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.82 by $0.14. The company had revenue of $38.66 million during the quarter, compared to analyst estimates of $39.68 million. Sierra Bancorp had a return on equity of 12.67% and a net margin of 22.53%. On average, research analysts predict that Sierra Bancorp will post 3.73 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, May 4th. This represents a $1.04 annualized dividend and a yield of 2.7%. Sierra Bancorp’s dividend payout ratio is currently 30.32%.

Institutional Investors Weigh In On Sierra Bancorp

A number of large investors have recently modified their holdings of BSRR. Raymond James Financial Inc. acquired a new stake in shares of Sierra Bancorp in the second quarter valued at about $26,000. Russell Investments Group Ltd. grew its stake in shares of Sierra Bancorp by 3,714.3% in the third quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,040 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Sierra Bancorp by 57.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the financial services provider’s stock valued at $67,000 after buying an additional 829 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Sierra Bancorp by 121.6% in the third quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,956 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Sierra Bancorp during the 4th quarter valued at approximately $153,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BSRR shares. DA Davidson restated a “buy” rating and set a $44.00 price target on shares of Sierra Bancorp in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of Sierra Bancorp in a research note on Friday, March 27th. Zacks Research lowered Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Piper Sandler dropped their price target on Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sierra Bancorp presently has an average rating of “Hold” and a consensus target price of $37.00.

About Sierra Bancorp

Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.

Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.