Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 12,725 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 12,725 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $41.75, for a total transaction of $531,268.75. Following the completion of the sale, the director owned 3,548 shares of the company’s stock, valued at approximately $148,129. This trade represents a 78.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 6th, Lynda Scearcy sold 5,300 shares of Sierra Bancorp stock. The stock was sold at an average price of $41.46, for a total value of $219,738.00.
• On Tuesday, November 3rd, Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock. The shares were 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 Up 1.2%

NASDAQ:BSRR opened at $41.92 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a twelve month low of $28.35 and a twelve month high of $44.00. The company has a market cap of $543.70 million, a PE ratio of 11.04 and a beta of 0.75. The company’s 50 day moving average is $40.44 and its two-hundred day moving average is $38.44.

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

Sierra Bancorp Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on BSRR shares. Piper Sandler lowered their price target on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Zacks Research upgraded Sierra Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Keefe, Bruyette & Woods increased their price objective on Sierra Bancorp from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, November 3rd. Weiss Ratings raised Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 2nd. Finally, DA Davidson raised their price objective on Sierra Bancorp from $47.00 to $48.50 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Institutional Trading of Sierra Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in shares of Sierra Bancorp in the second quarter worth $45,000. Ameritas Advisory Services LLC purchased a new position in shares of Sierra Bancorp during the second quarter worth $94,000. Integrated Wealth Concepts LLC acquired a new position in Sierra Bancorp during the second quarter valued at $94,000. Public Employees Retirement System of Ohio acquired a new position in Sierra Bancorp during the second quarter valued at $149,000. Finally, Corient Private Wealth LP acquired a new position in Sierra Bancorp during the second quarter valued at $216,000. 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.