Sierra Bancorp (NASDAQ:BSRR) Receives Daily News Impact Rating of -0.12
Press coverage about Sierra Bancorp (NASDAQ:BSRR) has trended somewhat negative this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sierra Bancorp earned a coverage optimism score of -0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Sierra Bancorp (NASDAQ:BSRR) Trading Up – Insider Trading Activity (highlightpress.com)
- Sierra Bancorp (NASDAQ:BSRR) Director Sells $66,875.45 in Stock (americanbankingnews.com)
- Robert L. Fields Sells 9,600 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock (americanbankingnews.com)
- The Board Room for July 31 (fresnobee.com)
- Sierra Bancorp (BSRR) Price Target Raised to $27.75 at Hovde Group (americanbankingnews.com)
Shares of Sierra Bancorp (NASDAQ:BSRR) traded up 0.22% on Friday, reaching $27.22. The company had a trading volume of 23,246 shares. The stock’s 50 day moving average is $24.95 and its 200 day moving average is $26.14. Sierra Bancorp has a 52 week low of $17.25 and a 52 week high of $29.50. The firm has a market capitalization of $376.51 million, a price-to-earnings ratio of 19.74 and a beta of 0.86.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.22%. The company had revenue of $23.20 million for the quarter, compared to analyst estimates of $22.80 million. On average, equities analysts anticipate that Sierra Bancorp will post $1.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, August 1st. Sierra Bancorp’s dividend payout ratio (DPR) is currently 40.88%.
Several research analysts have recently commented on the company. BidaskClub upgraded Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday. Hovde Group boosted their price target on Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a report on Friday, July 28th. ValuEngine downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, DA Davidson upgraded Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.75.
In other news, Director Robert L. Fields sold 2,465 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total transaction of $66,875.45. Following the transaction, the director now directly owns 410,078 shares of the company’s stock, valued at $11,125,416.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Fields sold 9,600 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $27.14, for a total transaction of $260,544.00. Following the transaction, the director now directly owns 412,543 shares in the company, valued at $11,196,417.02. The disclosure for this sale can be found here. Insiders sold a total of 12,165 shares of company stock worth $330,119 over the last three months. 15.24% of the stock is currently owned by corporate insiders.
Sierra Bancorp Company Profile
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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