Sierra Bancorp (BSRR) To Go Ex-Dividend on October 31st

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, October 18th, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.24 per share by the financial services provider on Tuesday, November 12th. This represents a $0.96 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, October 31st.

Sierra Bancorp has increased its dividend by an average of 4.8% per year over the last three years. Sierra Bancorp has a dividend payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Sierra Bancorp to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 36.4%.

Sierra Bancorp Trading Up 1.8 %

Shares of NASDAQ:BSRR opened at $29.75 on Friday. The firm has a market capitalization of $434.23 million, a price-to-earnings ratio of 12.29 and a beta of 0.89. The business’s 50 day moving average price is $28.83 and its 200-day moving average price is $24.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.76. Sierra Bancorp has a 1 year low of $16.75 and a 1 year high of $31.85.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, July 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The business had revenue of $51.13 million for the quarter, compared to analyst estimates of $36.30 million. Sierra Bancorp had a net margin of 17.77% and a return on equity of 10.66%. On average, equities research analysts forecast that Sierra Bancorp will post 2.77 earnings per share for the current fiscal year.

Insider Activity at Sierra Bancorp

In other Sierra Bancorp news, Director Morris A. Tharp sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $29.26, for a total transaction of $292,600.00. Following the transaction, the director now owns 475,060 shares of the company’s stock, valued at approximately $13,900,255.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Morris A. Tharp sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $29.26, for a total transaction of $292,600.00. Following the completion of the sale, the director now owns 475,060 shares in the company, valued at $13,900,255.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Olague sold 14,088 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $30.95, for a total transaction of $436,023.60. Following the sale, the executive vice president now directly owns 17,265 shares in the company, valued at approximately $534,351.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,366 shares of company stock valued at $1,370,158. 11.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BSRR. StockNews.com lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods upped their target price on shares of Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd.

About Sierra Bancorp

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.