Sierra Bancorp (NASDAQ:BSRR) EVP Sells $105,944.37 in Stock

Sierra Bancorp (NASDAQ:BSRR) EVP Michael Olague sold 4,753 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $22.29, for a total transaction of $105,944.37. Following the completion of the transaction, the executive vice president now owns 31,353 shares of the company’s stock, valued at $698,858.37. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sierra Bancorp Trading Down 1.2 %

Shares of NASDAQ:BSRR traded down $0.26 during midday trading on Friday, hitting $22.34. 974 shares of the stock were exchanged, compared to its average volume of 27,210. The business’s 50-day moving average price is $19.28 and its 200 day moving average price is $19.69. The stock has a market capitalization of $327.24 million, a price-to-earnings ratio of 9.34 and a beta of 0.91. Sierra Bancorp has a 12 month low of $15.08 and a 12 month high of $23.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

Sierra Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be issued a $0.23 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.92 dividend on an annualized basis and a yield of 4.12%. Sierra Bancorp’s payout ratio is 38.02%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 23rd. Janney Montgomery Scott raised Sierra Bancorp from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $24.00 to $23.00 in a report on Tuesday, April 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp in the third quarter valued at about $120,000. Bfsg LLC acquired a new stake in Sierra Bancorp during the 4th quarter valued at approximately $122,000. Trexquant Investment LP bought a new position in Sierra Bancorp during the 4th quarter worth approximately $280,000. BNP Paribas Financial Markets lifted its position in shares of Sierra Bancorp by 118.2% in the 4th quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 8,243 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Sierra Bancorp during the third quarter worth $689,000. 55.40% of the stock is owned by institutional investors.

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.