Sierra Bancorp (NASDAQ:BSRR) Stock: Insider Lynda Scearcy Sells 5,850 Shares

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 5,850 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $42.34, for a total value of $247,689.00. Following the sale, the director owned 24,283 shares of the company’s stock, valued at $1,028,142.22. The trade was a 19.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Sierra Bancorp Trading Up 0.2%

BSRR traded up $0.09 on Thursday, reaching $42.43. 126,291 shares of the company’s stock were exchanged, compared to its average volume of 62,620. Sierra Bancorp has a twelve month low of $27.93 and a twelve month high of $44.00. The company has a market cap of $550.02 million, a price-to-earnings ratio of 10.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50 day moving average is $40.05 and its 200-day moving average is $38.15.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, October 26th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.27. Sierra Bancorp had a return on equity of 12.38% and a net margin of 22.37%. The company had revenue of $40.08 million for the quarter, compared to analysts’ expectations of $39.23 million. Equities analysts predict that Sierra Bancorp will post 3.55 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 2nd. Sierra Bancorp’s payout ratio is presently 27.84%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler reduced their price target on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. DA Davidson raised their price objective on Sierra Bancorp from $47.00 to $48.50 and gave the company a “buy” rating in a research note on Tuesday. Raymond James Financial reiterated a “market perform” rating on shares of Sierra Bancorp in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sierra Bancorp in a research note on Monday, September 21st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.75.

Institutional Investors Weigh In On Sierra Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BSRR. Legal & General Group Plc acquired a new position in shares of Sierra Bancorp during the second quarter valued at $45,000. Ameritas Advisory Services LLC bought a new position in shares of Sierra Bancorp during the second quarter worth about $94,000. Integrated Wealth Concepts LLC bought a new stake in shares of Sierra Bancorp during the second quarter valued at approximately $94,000. Public Employees Retirement System of Ohio bought a new stake in shares of Sierra Bancorp during the second quarter valued at approximately $149,000. Finally, Corient Private Wealth LP bought a new stake in shares of Sierra Bancorp during the second quarter valued at approximately $216,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Sierra Bancorp Company Profile

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.