Sierra Bancorp (NASDAQ:BSRR) Director Sells $150,183.35 in Stock

Sierra Bancorp (NASDAQ:BSRR) Director Vonn Christenson sold 3,947 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.05, for a total value of $150,183.35. Following the completion of the sale, the director owned 189 shares of the company’s stock, valued at $7,191.45. The trade was a 95.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sierra Bancorp Price Performance

BSRR opened at $37.46 on Friday. The stock has a fifty day moving average of $35.07 and a 200-day moving average of $33.95. The firm has a market capitalization of $489.98 million, a P/E ratio of 10.92 and a beta of 0.76. Sierra Bancorp has a 12-month low of $26.49 and a 12-month high of $38.60. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.24.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results 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 during the quarter, compared to analyst estimates of $39.68 million. Sierra Bancorp had a return on equity of 12.67% and a net margin of 22.53%. Equities analysts forecast that Sierra Bancorp will post 3.73 EPS for the current fiscal year.

Sierra Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid 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 dividend yield of 2.8%. Sierra Bancorp’s dividend payout ratio is 30.32%.

Hedge Funds Weigh In On Sierra Bancorp

Several institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. raised its holdings in Sierra Bancorp by 2.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 17,871 shares of the financial services provider’s stock valued at $517,000 after buying an additional 480 shares in the last quarter. Rhumbline Advisers raised its holdings in Sierra Bancorp by 2.7% during the second quarter. Rhumbline Advisers now owns 19,859 shares of the financial services provider’s stock valued at $590,000 after buying an additional 527 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Sierra Bancorp by 1.2% during the fourth quarter. Panagora Asset Management Inc. now owns 48,191 shares of the financial services provider’s stock valued at $1,575,000 after buying an additional 548 shares in the last quarter. First Trust Advisors LP raised its holdings in Sierra Bancorp by 1.2% during the second quarter. First Trust Advisors LP now owns 47,970 shares of the financial services provider’s stock valued at $1,424,000 after buying an additional 577 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Sierra Bancorp by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 10,240 shares of the financial services provider’s stock valued at $335,000 after buying an additional 662 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sierra Bancorp in a research note on Friday, March 27th. Zacks Research downgraded shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Piper Sandler dropped their price target on shares of Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $44.00 price target on shares of Sierra Bancorp in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Sierra Bancorp Company Profile

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.