Shares of Sierra Bancorp (NASDAQ:BSRR) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $27.75.

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 target price on shares of Sierra Bancorp in a report on Friday, July 14th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. upgraded shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Tuesday, July 25th. Hovde Group boosted their price target on shares of Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th.

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Sierra Bancorp (NASDAQ BSRR) opened at 25.62 on Friday. Sierra Bancorp has a 52 week low of $17.25 and a 52 week high of $29.50. The company has a market cap of $354.53 million, a PE ratio of 18.58 and a beta of 0.86. The company has a 50-day moving average price of $25.20 and a 200 day moving average price of $26.16.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The firm had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities research analysts forecast that Sierra Bancorp will post $1.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.56 annualized dividend and a dividend yield of 2.19%. Sierra Bancorp’s dividend payout ratio (DPR) is 40.88%.

In other Sierra Bancorp news, Director Robert L. Fields sold 9,600 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $27.14, for a total value of $260,544.00. Following the completion of the transaction, the director now owns 412,543 shares in the company, valued at $11,196,417.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Fields sold 2,465 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total transaction of $66,875.45. Following the completion of the transaction, the director now owns 410,078 shares of the company’s stock, valued at approximately $11,125,416.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,165 shares of company stock valued at $330,119. Insiders own 15.24% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Sierra Bancorp by 13.6% in the first quarter. Geode Capital Management LLC now owns 83,977 shares of the financial services provider’s stock valued at $2,303,000 after buying an additional 10,073 shares during the period. Vanguard Group Inc. increased its position in Sierra Bancorp by 22.4% in the first quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock valued at $12,500,000 after buying an additional 83,492 shares during the period. FMR LLC increased its position in Sierra Bancorp by 64.3% in the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock valued at $10,667,000 after buying an additional 152,200 shares during the period. Wellington Management Group LLP increased its position in Sierra Bancorp by 143.4% in the first quarter. Wellington Management Group LLP now owns 758,673 shares of the financial services provider’s stock valued at $20,811,000 after buying an additional 446,962 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in Sierra Bancorp by 206.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,580 shares of the financial services provider’s stock valued at $894,000 after buying an additional 21,941 shares during the period. Institutional investors and hedge funds own 54.23% of the company’s stock.

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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