Sierra Bancorp (BSRR) to Distribute Quarterly Dividend of $0.27 on November 9th

Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Monday, November 2nd will be given a dividend of $0.27 per share by the financial services provider on Monday, November 9th. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, November 2nd.

Sierra Bancorp has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Sierra Bancorp has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sierra Bancorp to earn $3.97 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.2%.

Sierra Bancorp Price Performance

Shares of BSRR opened at $41.90 on Friday. 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 has a 50 day moving average price of $40.15 and a 200-day moving average price of $38.23. Sierra Bancorp has a fifty-two week low of $27.93 and a fifty-two week high of $44.00. The stock has a market capitalization of $543.15 million, a PE ratio of 10.80 and a beta of 0.76.

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. The company had revenue of $40.08 million during the quarter, compared to the consensus estimate of $39.23 million. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.86%. Equities analysts predict that Sierra Bancorp will post 3.86 earnings per share for the current fiscal year.

Key Sierra Bancorp News

Here are the key news stories impacting Sierra Bancorp this week:

• Positive Sentiment: Zacks upgraded Sierra Bancorp from “Hold” to “Strong Buy,” adding a notable bullish catalyst for the stock. BSRR was also included on Zacks’ Rank #1 momentum and Strong Buy lists. Best Momentum Stocks to Buy for October 29th
• Positive Sentiment: DA Davidson raised its price target to $48.50 and maintained a Buy rating, implying additional upside from recent trading levels. However, the broader analyst consensus remains Hold with an average target of $43.75. Sierra Bancorp Stock Price Expected to Rise, DA Davidson Analyst Says
• Positive Sentiment: Recent quarterly results exceeded expectations: earnings per share were $1.18 versus a $0.91 estimate, while revenue reached $40.08 million compared with expectations of $39.23 million. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 2.5% indicated yield.
• Positive Sentiment: Institutional ownership stands at 55.4%, with major investors including BlackRock, Jupiter Topco and Manufacturers Life Insurance recently establishing positions. This may provide longer-term institutional support.
• Negative Sentiment: CEO Kevin Mcphaill sold 4,000 shares for approximately $171,400, reducing his direct ownership by 5.9%. Director Lynda Scearcy separately sold 5,850 shares, cutting her position by 19.4%. Multiple insider sales can create short-term caution, although the transactions do not necessarily indicate a change in business outlook. Sierra Bancorp Insider Buying and Selling

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.