Sierra Bancorp (NASDAQ:BSRR) Director James C. Holly sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $28.27, for a total transaction of $70,675.00. Following the transaction, the director now owns 390,676 shares of the company’s stock, valued at $11,044,410.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ BSRR traded down $0.88 during midday trading on Wednesday, reaching $27.31. 34,900 shares of the company were exchanged, compared to its average volume of 32,906. The stock has a market cap of $429.31 million, a PE ratio of 17.62, a PEG ratio of 1.79 and a beta of 0.57. Sierra Bancorp has a one year low of $24.75 and a one year high of $31.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 0.82.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 22nd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $28.75 million. Sierra Bancorp had a return on equity of 11.03% and a net margin of 21.44%. As a group, sell-side analysts predict that Sierra Bancorp will post 1.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.34%. Sierra Bancorp’s payout ratio is presently 41.29%.

Several research analysts have commented on BSRR shares. BidaskClub upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 8th. Hovde Group restated a “buy” rating and set a $32.00 price objective on shares of Sierra Bancorp in a research report on Thursday, July 26th. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, September 24th. Finally, Sandler O’Neill raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, October 23rd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $31.25.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of Sierra Bancorp by 10.4% during the third quarter. Renaissance Technologies LLC now owns 348,655 shares of the financial services provider’s stock worth $10,076,000 after buying an additional 32,755 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sierra Bancorp by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,074,900 shares of the financial services provider’s stock worth $31,065,000 after buying an additional 34,719 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Sierra Bancorp by 9.2% during the third quarter. Panagora Asset Management Inc. now owns 178,628 shares of the financial services provider’s stock worth $5,162,000 after buying an additional 15,119 shares during the last quarter. FMR LLC grew its stake in shares of Sierra Bancorp by 75.6% during the third quarter. FMR LLC now owns 270,094 shares of the financial services provider’s stock worth $7,805,000 after buying an additional 116,309 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Sierra Bancorp by 7.4% during the third quarter. BlackRock Inc. now owns 1,019,291 shares of the financial services provider’s stock worth $29,458,000 after buying an additional 70,258 shares during the last quarter. 52.24% of the stock is currently owned by hedge funds and other institutional investors.

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About Sierra Bancorp

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

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