Sierra Bancorp (NASDAQ:BSRR) Director Susan Abundis Sells 600 Shares

Sierra Bancorp (NASDAQ:BSRR) Director Susan Abundis sold 600 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $33.50, for a total transaction of $20,100.00. Following the completion of the sale, the director directly owned 7,603 shares of the company’s stock, valued at approximately $254,700.50. The trade was a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sierra Bancorp Trading Down 0.8%

Shares of BSRR traded down $0.28 during mid-day trading on Thursday, reaching $34.01. 49,385 shares of the company’s stock traded hands, compared to its average volume of 38,095. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50-day moving average is $29.50 and its two-hundred day moving average is $29.51. Sierra Bancorp has a 12 month low of $22.42 and a 12 month high of $34.68. The stock has a market cap of $452.33 million, a P/E ratio of 11.85 and a beta of 0.82.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, October 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.07). Sierra Bancorp had a return on equity of 11.17% and a net margin of 19.70%.The business had revenue of $40.03 million for the quarter, compared to the consensus estimate of $39.57 million. Research analysts forecast that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Sierra Bancorp’s dividend payout ratio is presently 34.84%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BSRR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sierra Bancorp in a report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Sierra Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, October 29th. Zacks Research downgraded shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, DA Davidson reaffirmed a “buy” rating and set a $36.00 target price on shares of Sierra Bancorp in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.50.

Institutional Investors Weigh In On Sierra Bancorp

Several institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its holdings in Sierra Bancorp by 2.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 17,871 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 480 shares during the last quarter. Rhumbline Advisers raised its stake in Sierra Bancorp by 2.7% in 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 during the last quarter. First Trust Advisors LP boosted its holdings in Sierra Bancorp by 1.2% in the second quarter. First Trust Advisors LP now owns 47,970 shares of the financial services provider’s stock worth $1,424,000 after acquiring an additional 577 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Sierra Bancorp by 5.5% during the second quarter. Federated Hermes Inc. now owns 12,826 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 665 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised 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 valued at $67,000 after purchasing an additional 829 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Sierra Bancorp Company Profile

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.