Cindy L. Dabney Sells 516 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR) CAO Cindy L. Dabney sold 516 shares of Sierra Bancorp stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.79, for a total transaction of $17,951.64. Following the transaction, the chief accounting officer now owns 6,348 shares in the company, valued at approximately $220,846.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Sierra Bancorp Trading Up 1.8 %

Sierra Bancorp stock opened at $32.36 on Friday. The company’s fifty day simple moving average is $29.10 and its 200-day simple moving average is $25.68. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 12 month low of $17.53 and a 12 month high of $35.13. The stock has a market cap of $459.35 million, a P/E ratio of 12.84 and a beta of 0.89.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.59%. The business had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million. As a group, sell-side analysts forecast that Sierra Bancorp will post 2.79 EPS for the current fiscal year.

Sierra Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, October 31st. Sierra Bancorp’s payout ratio is presently 38.10%.

Institutional Investors Weigh In On Sierra Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. acquired a new stake in shares of Sierra Bancorp in the 3rd quarter valued at $29,000. Lazard Asset Management LLC lifted its stake in shares of Sierra Bancorp by 45.7% in the 1st quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 957 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Sierra Bancorp in the 1st quarter valued at $94,000. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp in the 3rd quarter valued at $142,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of Sierra Bancorp by 8.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 904 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BSRR shares. Keefe, Bruyette & Woods boosted their price target on shares of Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd. StockNews.com cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday.

Sierra Bancorp Company Profile

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.