Sierra Bancorp (NASDAQ:BSRR) Plans Quarterly Dividend of $0.26

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.26 per share by the financial services provider on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, February 9th. This is a 4.0% increase from Sierra Bancorp’s previous quarterly dividend of $0.25.

Sierra Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Sierra Bancorp has a payout ratio of 31.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sierra Bancorp to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 32.8%.

Sierra Bancorp Trading Up 2.5%

BSRR stock opened at $35.41 on Friday. The firm has a fifty day moving average price of $33.41 and a 200 day moving average price of $30.78. Sierra Bancorp has a fifty-two week low of $22.42 and a fifty-two week high of $36.79. The firm has a market cap of $470.95 million, a PE ratio of 12.34 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80.

Insider Buying and Selling at Sierra Bancorp

In related news, CAO Cindy L. Dabney sold 3,443 shares of Sierra Bancorp stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $32.00, for a total value of $110,176.00. Following the completion of the sale, the chief accounting officer directly owned 6,465 shares in the company, valued at $206,880. The trade was a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lynda Scearcy sold 5,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the director owned 30,133 shares in the company, valued at approximately $1,054,655. The trade was a 14.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,143 shares of company stock valued at $338,544 over the last quarter. Company insiders own 11.86% of the company’s stock.

Institutional Investors Weigh In On Sierra Bancorp

Several large investors have recently modified their holdings of BSRR. Raymond James Financial Inc. purchased a new position in Sierra Bancorp during the second quarter valued at approximately $26,000. Russell Investments Group Ltd. grew its position in shares of Sierra Bancorp by 3,714.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,040 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Sierra Bancorp by 57.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the financial services provider’s stock worth $67,000 after buying an additional 829 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Sierra Bancorp during the 2nd quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets lifted its position in Sierra Bancorp by 121.6% during the third quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,956 shares during the last quarter. 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.