Insider Selling: Sierra Bancorp (NASDAQ:BSRR) Director Sells $219,738.00 in Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 5,300 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $41.46, for a total transaction of $219,738.00. Following the completion of the transaction, the director owned 5,839 shares in the company, valued at $242,084.94. This trade represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Lynda Scearcy also recently made the following trade(s):

• On Monday, November 9th, Lynda Scearcy sold 12,725 shares of Sierra Bancorp stock. The stock was sold at an average price of $41.75, for a total transaction of $531,268.75.
• On Tuesday, November 3rd, Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.15, for a total transaction of $337,621.50.
• On Thursday, October 29th, Lynda Scearcy sold 5,850 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.34, for a total transaction of $247,689.00.

Sierra Bancorp Stock Performance

NASDAQ BSRR opened at $42.02 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $545.00 million, a P/E ratio of 10.86 and a beta of 0.75. Sierra Bancorp has a 12-month low of $28.35 and a 12-month high of $44.00. The firm has a 50-day moving average price of $40.54 and a two-hundred day moving average price of $38.51.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, October 26th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.91 by $0.27. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.89%. The company had revenue of $40.08 million for the quarter, compared to analysts’ expectations of $39.23 million. Analysts anticipate that Sierra Bancorp will post 3.86 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Monday, November 2nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. Sierra Bancorp’s dividend payout ratio is currently 27.84%.

Wall Street Analyst Weigh In

BSRR has been the topic of a number of recent research reports. Zacks Research upgraded Sierra Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. DA Davidson upped their target price on Sierra Bancorp from $47.00 to $48.50 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Weiss Ratings raised Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 2nd. Raymond James Financial reissued a “market perform” rating on shares of Sierra Bancorp in a report on Monday, October 26th. Finally, Keefe, Bruyette & Woods raised their price target on Sierra Bancorp from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sierra Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Hedge Funds Weigh In On Sierra Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in BSRR. Sequoia Financial Advisors LLC acquired a new stake in shares of Sierra Bancorp during the 2nd quarter worth approximately $385,000. Engineers Gate Manager LP acquired a new position in Sierra Bancorp during the second quarter valued at approximately $375,000. Integrated Wealth Concepts LLC bought a new stake in Sierra Bancorp during the second quarter worth $94,000. Corient Private Wealth LP bought a new stake in Sierra Bancorp during the second quarter worth $219,000. Finally, Ameritas Advisory Services LLC bought a new stake in Sierra Bancorp during the second quarter worth $94,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Sierra Bancorp Company Profile

Sierra Bancorp is a bank holding company headquartered in Porterville, California, and the parent company of Bank of the Sierra. Through its community banking subsidiary, it serves individuals, businesses and agricultural customers, primarily in California’s Central Valley and surrounding communities. Bank of the Sierra offers deposit accounts and lending services, including commercial, real estate, agricultural and consumer loans. Its services also include online and mobile banking, cash management and other banking solutions for businesses and households.