Sierra Bancorp (NASDAQ:BSRR) CFO Christopher Treece Sells 10,000 Shares

Sierra Bancorp (NASDAQ:BSRR) CFO Christopher Treece sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $38.18, for a total transaction of $381,800.00. Following the sale, the chief financial officer directly owned 39,095 shares of the company’s stock, valued at $1,492,647.10. This trade represents a 20.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sierra Bancorp Price Performance

Shares of BSRR opened at $38.19 on Friday. The company has a market capitalization of $499.53 million, a P/E ratio of 11.13 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $35.55 and a 200 day moving average of $34.30. Sierra Bancorp has a twelve month low of $26.49 and a twelve month high of $38.87.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.14. The company had revenue of $38.66 million during the quarter, compared to the consensus estimate of $39.68 million. Sierra Bancorp had a net margin of 22.53% and a return on equity of 12.67%. As a group, equities research analysts anticipate that Sierra Bancorp will post 3.73 earnings per share for the current fiscal year.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.04 annualized dividend and a dividend yield of 2.7%. Sierra Bancorp’s dividend payout ratio (DPR) is 30.32%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Sierra Bancorp during the 2nd quarter valued at $26,000. Russell Investments Group Ltd. lifted its stake in shares of Sierra Bancorp by 3,714.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,040 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Sierra Bancorp by 57.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the financial services provider’s stock valued at $67,000 after buying an additional 829 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Sierra Bancorp by 121.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,956 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Sierra Bancorp during the 4th quarter valued at $153,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and set a $44.00 price target on shares of Sierra Bancorp in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sierra Bancorp in a research report on Friday, March 27th. Piper Sandler cut their target price on shares of Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Zacks Research downgraded shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sierra Bancorp presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.