Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 8,010 Shares of Company Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 8,010 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $42.15, for a total value of $337,621.50. Following the completion of the transaction, the director directly owned 16,273 shares of the company’s stock, valued at $685,906.95. This represents a 32.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value of $247,689.00.

Sierra Bancorp Price Performance

BSRR stock opened at $42.85 on Thursday. The stock’s 50 day moving average is $40.32 and its two-hundred day moving average is $38.35. Sierra Bancorp has a 52-week low of $28.35 and a 52-week high of $44.00. The company has a market capitalization of $555.76 million, a PE ratio of 10.83 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.24.

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

Sierra Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.08 annualized dividend and a yield of 2.5%. Sierra Bancorp’s dividend payout ratio is currently 27.84%.

Analyst Ratings Changes

Several research analysts have weighed in on BSRR shares. DA Davidson raised their price objective on shares of Sierra Bancorp from $47.00 to $48.50 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Piper Sandler cut their target price on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upped their target price on shares of Sierra Bancorp from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday. Raymond James Financial reaffirmed a “market perform” rating on shares of Sierra Bancorp in a research report on Monday, October 26th. Finally, Weiss Ratings upgraded Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Hedge Funds Weigh In On Sierra Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in Sierra Bancorp in the second quarter worth approximately $385,000. Engineers Gate Manager LP bought a new stake in shares of Sierra Bancorp during the 2nd quarter worth $375,000. Integrated Wealth Concepts LLC bought a new stake in shares of Sierra Bancorp during the 2nd quarter worth $94,000. Corient Private Wealth LP bought a new stake in shares of Sierra Bancorp during the 2nd quarter worth $219,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Sierra Bancorp in the 2nd 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 the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.