Somewhat Positive News Coverage Somewhat Unlikely to Affect Sierra Bancorp (BSRR) Stock Price
Media headlines about Sierra Bancorp (NASDAQ:BSRR) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sierra Bancorp earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9087203433237 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Brokerages Expect Sierra Bancorp (BSRR) Will Announce Earnings of $0.40 Per Share (americanbankingnews.com)
- Sierra Bancorp (BSRR) Lifted to “Buy” at ValuEngine (americanbankingnews.com)
- Sierra Bancorp (BSRR) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Sierra Bancorp – Value Analysis (NASDAQ:BSRR) : August 7, 2017 (finance.yahoo.com)
Shares of Sierra Bancorp (NASDAQ:BSRR) traded down 2.26% during midday trading on Friday, reaching $25.04. 36,588 shares of the company’s stock traded hands. The company has a 50 day moving average of $25.22 and a 200 day moving average of $26.14. Sierra Bancorp has a 52-week low of $17.25 and a 52-week high of $29.50. The firm has a market cap of $346.50 million, a PE ratio of 18.16 and a beta of 0.86.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The business had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities analysts predict that Sierra Bancorp will post $1.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 40.88%.
A number of equities research analysts recently commented on the stock. DA Davidson upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, May 23rd. ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Hovde Group raised their price objective on shares of Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a report on Friday, July 28th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Sierra Bancorp presently has a consensus rating of “Hold” and an average price target of $27.75.
In related news, Director Robert L. Fields sold 2,465 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total transaction of $66,875.45. Following the completion of the sale, the director now owns 410,078 shares in the company, valued at $11,125,416.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Fields sold 9,600 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.14, for a total transaction of $260,544.00. Following the sale, the director now owns 412,543 shares of the company’s stock, valued at approximately $11,196,417.02. The disclosure for this sale can be found here. Insiders have sold 12,165 shares of company stock valued at $330,119 in the last 90 days. 15.24% of the stock is currently owned by corporate insiders.
About Sierra Bancorp
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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