Sierra Bancorp (NASDAQ:BSRR) Director Vonn Christenson Sells 1,053 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director Vonn Christenson sold 1,053 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.01, for a total value of $40,024.53. Following the sale, the director owned 189 shares of the company’s stock, valued at approximately $7,183.89. This trade represents a 84.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sierra Bancorp Price Performance

NASDAQ:BSRR opened at $38.26 on Thursday. Sierra Bancorp has a one year low of $26.49 and a one year high of $38.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $500.44 million, a PE ratio of 11.15 and a beta of 0.76. The stock has a 50 day moving average price of $35.35 and a 200 day moving average price of $34.21.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.82 by $0.14. The firm had revenue of $38.66 million during the quarter, compared to analysts’ expectations of $39.68 million. Sierra Bancorp had a return on equity of 12.67% and a net margin of 22.53%. Equities research analysts expect that Sierra Bancorp will post 3.73 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a $0.26 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.04 dividend on an annualized basis and a yield of 2.7%. Sierra Bancorp’s dividend payout ratio (DPR) is currently 30.32%.

Institutional Trading of Sierra Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in BSRR. Vanguard Group Inc. increased its position in Sierra Bancorp by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 733,567 shares of the financial services provider’s stock valued at $21,207,000 after acquiring an additional 22,931 shares during the period. Janus Henderson Group PLC boosted its holdings in Sierra Bancorp by 32.9% in the 1st quarter. Janus Henderson Group PLC now owns 344,133 shares of the financial services provider’s stock valued at $11,673,000 after purchasing an additional 85,098 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Sierra Bancorp by 16.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 238,620 shares of the financial services provider’s stock valued at $7,085,000 after purchasing an additional 33,048 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Sierra Bancorp by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 132,990 shares of the financial services provider’s stock valued at $4,346,000 after purchasing an additional 6,432 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Sierra Bancorp by 19.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 98,619 shares of the financial services provider’s stock valued at $3,345,000 after purchasing an additional 15,877 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

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