Sierra Bancorp (NASDAQ:BSRR) EVP Sells $382,100.00 in Stock

Sierra Bancorp (NASDAQ:BSRR) EVP Hugh Boyle sold 10,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $38.21, for a total value of $382,100.00. Following the completion of the sale, the executive vice president directly owned 21,781 shares of the company’s stock, valued at $832,252.01. This represents a 31.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $37.98 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day simple moving average of $36.10 and a two-hundred day simple moving average of $34.65. Sierra Bancorp has a 1 year low of $26.49 and a 1 year high of $39.00. The company has a market capitalization of $496.78 million, a P/E ratio of 11.07 and a beta of 0.77.

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

Sierra Bancorp Announces Dividend

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

Institutional Investors Weigh In On Sierra Bancorp

Several large investors have recently added to or reduced their stakes in BSRR. Janus Henderson Group PLC grew its position in Sierra Bancorp by 32.9% during the first quarter. Janus Henderson Group PLC now owns 344,133 shares of the financial services provider’s stock worth $11,673,000 after buying an additional 85,098 shares in the last quarter. Quantinno Capital Management LP grew its position in Sierra Bancorp by 24.3% during the first quarter. Quantinno Capital Management LP now owns 24,825 shares of the financial services provider’s stock worth $842,000 after buying an additional 4,858 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Sierra Bancorp during the first quarter worth about $358,000. Arrowstreet Capital Limited Partnership grew its position in Sierra Bancorp by 19.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 98,619 shares of the financial services provider’s stock worth $3,345,000 after buying an additional 15,877 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in Sierra Bancorp during the first quarter worth about $284,000. Institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sierra Bancorp Company Profile

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.