Sierra Bancorp (NASDAQ:BSRR) CAO Sells $17,951.64 in Stock

Sierra Bancorp (NASDAQ:BSRR) CAO Cindy L. Dabney sold 516 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.79, for a total transaction of $17,951.64. Following the completion of the sale, the chief accounting officer now owns 6,348 shares of the company’s stock, valued at $220,846.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sierra Bancorp Stock Performance

Shares of Sierra Bancorp stock traded up $5.41 during trading on Wednesday, reaching $34.59. The company’s stock had a trading volume of 85,844 shares, compared to its average volume of 31,698. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $28.90 and its 200-day moving average price is $25.48. Sierra Bancorp has a 52 week low of $17.52 and a 52 week high of $35.13. The firm has a market cap of $490.83 million, a PE ratio of 13.73 and a beta of 0.89.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.59%. The firm had revenue of $52.59 million for the quarter, compared to analyst estimates of $38.30 million. Equities analysts forecast that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, October 31st. Sierra Bancorp’s payout ratio is 38.10%.

Institutional Investors Weigh In On Sierra Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its stake in Sierra Bancorp by 45.7% in the 1st quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 957 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 904 shares in the last quarter. Vanguard Group Inc. raised its position in Sierra Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider’s stock valued at $13,737,000 after purchasing an additional 5,830 shares during the last quarter. Empowered Funds LLC boosted its position in Sierra Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 66,202 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 4,900 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Sierra Bancorp by 24.0% in the third quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider’s stock valued at $2,137,000 after purchasing an additional 14,335 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BSRR. StockNews.com downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd.

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.