Sierra Bancorp (BSRR) to Issue Quarterly Dividend of $0.27 on August 10th

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 3rd will be paid a dividend of 0.27 per share by the financial services provider on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 3rd. This is a 3.8% increase from Sierra Bancorp’s previous quarterly dividend of $0.26.

Sierra Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Sierra Bancorp has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Sierra Bancorp to earn $3.81 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 28.3%.

Sierra Bancorp Stock Performance

Shares of BSRR stock opened at $40.76 on Friday. The stock’s 50-day moving average is $40.28 and its two-hundred day moving average is $37.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80. Sierra Bancorp has a 1 year low of $26.49 and a 1 year high of $43.13. The firm has a market cap of $533.10 million, a price-to-earnings ratio of 11.92 and a beta of 0.76.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, July 27th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). The firm had revenue of $38.98 million during the quarter, compared to analyst estimates of $39.59 million. Sierra Bancorp had a net margin of 22.37% and a return on equity of 12.41%. Analysts predict that Sierra Bancorp will post 3.6 earnings per share for the current year.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, Director Vonn R. Christenson sold 3,947 shares of Sierra Bancorp stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $38.05, for a total value of $150,183.35. Following the transaction, the director directly owned 189 shares in the company, valued at approximately $7,191.45. This trade represents a 95.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Hugh F. Boyle sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $38.21, for a total value of $382,100.00. Following the sale, the executive vice president owned 21,781 shares of the company’s stock, valued at $832,252.01. This trade represents a 31.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 25,000 shares of company stock worth $954,108. 11.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Sierra Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 733,567 shares of the financial services provider’s stock worth $21,207,000 after purchasing an additional 22,931 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Sierra Bancorp by 32.9% in the 1st quarter. Janus Henderson Group PLC now owns 344,133 shares of the financial services provider’s stock valued at $11,673,000 after buying an additional 85,098 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Sierra Bancorp by 16.1% in the second quarter. Ameriprise Financial Inc. now owns 238,620 shares of the financial services provider’s stock valued at $7,085,000 after buying an additional 33,048 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Sierra Bancorp by 5.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 132,990 shares of the financial services provider’s stock valued at $4,346,000 after buying an additional 6,432 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Sierra Bancorp by 19.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 98,619 shares of the financial services provider’s stock worth $3,345,000 after acquiring an additional 15,877 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.