Sierra Bancorp (BSRR) to Issue Quarterly Dividend of $0.26 on February 17th

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Monday, February 9th will be paid a dividend of 0.26 per share by the financial services provider on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, February 9th. This is a 4.0% increase from Sierra Bancorp’s previous quarterly dividend of $0.25.

Sierra Bancorp has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Sierra Bancorp has a payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sierra Bancorp to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 32.8%.

Sierra Bancorp Stock Up 2.5%

BSRR opened at $35.41 on Friday. The company has a market capitalization of $470.95 million, a PE ratio of 12.34 and a beta of 0.81. The firm has a 50-day simple moving average of $33.41 and a two-hundred day simple moving average of $30.78. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 52 week low of $22.42 and a 52 week high of $36.79.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BSRR shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sierra Bancorp in a research note on Monday, December 29th. DA Davidson reissued a “buy” rating and issued a $36.00 target price on shares of Sierra Bancorp in a report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Sierra Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Sierra Bancorp has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Sierra Bancorp Company Profile

Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.

Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.