Michael Olague Sells 3,563 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR) EVP Michael Olague sold 3,563 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $31.15, for a total transaction of $110,987.45. Following the completion of the sale, the executive vice president now directly owns 12,409 shares of the company’s stock, valued at $386,540.35. The trade was a 22.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Sierra Bancorp Stock Up 1.9 %

Shares of BSRR stock opened at $31.46 on Wednesday. The firm has a fifty day moving average of $29.90 and a 200-day moving average of $29.53. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a 12-month low of $17.69 and a 12-month high of $35.13. The company has a market capitalization of $452.71 million, a price-to-earnings ratio of 11.20 and a beta of 0.92.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%. As a group, equities research analysts predict that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.25 per share. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 3.18%. Sierra Bancorp’s dividend payout ratio is presently 35.59%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BSRR. StockNews.com downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. acquired a new stake in Sierra Bancorp in the third quarter valued at $29,000. SG Americas Securities LLC acquired a new stake in Sierra Bancorp in the third quarter valued at $142,000. Franklin Resources Inc. acquired a new stake in Sierra Bancorp in the third quarter valued at $216,000. Proficio Capital Partners LLC acquired a new stake in Sierra Bancorp in the fourth quarter valued at $385,000. Finally, Jane Street Group LLC lifted its stake in Sierra Bancorp by 9.7% in the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.