Sierra Bancorp (BSRR) Director Laurence S. Dutto Buys 500 Shares
Sierra Bancorp (NASDAQ:BSRR) Director Laurence S. Dutto purchased 500 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $26.86 per share, with a total value of $13,430.00. Following the purchase, the director now directly owns 3,070 shares in the company, valued at approximately $82,460.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Sierra Bancorp (BSRR) traded down $0.26 on Wednesday, hitting $27.92. 24,854 shares of the company’s stock traded hands, compared to its average volume of 24,445. Sierra Bancorp has a twelve month low of $23.10 and a twelve month high of $28.87. The company has a market cap of $428.08, a P/E ratio of 20.65, a PEG ratio of 1.77 and a beta of 0.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76.
Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. The business had revenue of $27.91 million during the quarter, compared to the consensus estimate of $26.90 million. analysts forecast that Sierra Bancorp will post 1.98 earnings per share for the current year.
Several large investors have recently made changes to their positions in BSRR. Wells Fargo & Company MN lifted its holdings in shares of Sierra Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 196 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sierra Bancorp by 9.7% in the 2nd quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock valued at $12,274,000 after acquiring an additional 44,242 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Sierra Bancorp in the 2nd quarter valued at about $244,000. State Street Corp lifted its holdings in shares of Sierra Bancorp by 6.3% in the 2nd quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock valued at $5,298,000 after acquiring an additional 12,798 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in shares of Sierra Bancorp by 19.0% in the 3rd quarter. Nationwide Fund Advisors now owns 31,803 shares of the financial services provider’s stock valued at $863,000 after acquiring an additional 5,072 shares during the last quarter. 52.05% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on BSRR shares. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, December 26th. Hovde Group set a $30.00 price objective on shares of Sierra Bancorp and gave the company a “hold” rating in a report on Monday, February 5th. BidaskClub downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, FIG Partners started coverage on shares of Sierra Bancorp in a report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.17.
WARNING: This news story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2018/03/14/sierra-bancorp-bsrr-director-laurence-s-dutto-buys-500-shares.html.
About Sierra Bancorp
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.
Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.