Sierra Bancorp (NASDAQ:BSRR) Stock Crosses Above 200 Day Moving Average – What’s Next?

Sierra Bancorp (NASDAQ:BSRR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.70 and traded as high as $40.39. Sierra Bancorp shares last traded at $39.31, with a volume of 95,202 shares trading hands.

Analysts Set New Price Targets

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

Sierra Bancorp Trading Down 0.5%

The stock has a market cap of $514.17 million, a price-to-earnings ratio of 11.46 and a beta of 0.77. The business has a 50-day simple moving average of $37.81 and a two-hundred day simple moving average of $35.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80.

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

Sierra Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.04 dividend on an annualized basis and a yield of 2.6%. Sierra Bancorp’s dividend payout ratio (DPR) is 30.32%.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, CFO Christopher G. Treece sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $38.18, for a total transaction of $381,800.00. Following the sale, the chief financial officer directly owned 39,095 shares of the company’s stock, valued at $1,492,647.10. The trade was a 20.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Hugh F. Boyle sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $38.21, for a total value of $382,100.00. Following the completion of the transaction, the executive vice president owned 21,781 shares of the company’s stock, valued at $832,252.01. The trade was a 31.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 25,000 shares of company stock worth $954,108. Insiders own 11.83% of the company’s stock.

Institutional Trading of Sierra Bancorp

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

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.