Sierra Bancorp (NASDAQ:BSRR) Plans $0.24 Quarterly Dividend

Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Friday, October 18th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.24 per share by the financial services provider on Tuesday, November 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, October 31st.

Sierra Bancorp has raised its dividend by an average of 4.8% per year over the last three years. Sierra Bancorp has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sierra Bancorp to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 36.4%.

Sierra Bancorp Trading Up 1.8 %

Shares of BSRR stock opened at $29.75 on Friday. The company has a market capitalization of $434.23 million, a price-to-earnings ratio of 12.29 and a beta of 0.89. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $28.83 and a 200 day moving average price of $24.59. Sierra Bancorp has a twelve month low of $16.75 and a twelve month high of $31.85.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, July 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. Sierra Bancorp had a net margin of 17.77% and a return on equity of 10.66%. The business had revenue of $51.13 million for the quarter, compared to analysts’ expectations of $36.30 million. Research analysts forecast that Sierra Bancorp will post 2.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BSRR has been the subject of several research analyst reports. StockNews.com lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Keefe, Bruyette & Woods upped their price target on Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd.

Insider Buying and Selling at Sierra Bancorp

In related news, EVP Michael Olague sold 3,098 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $27.70, for a total value of $85,814.60. Following the sale, the executive vice president now owns 12,409 shares of the company’s stock, valued at approximately $343,729.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sierra Bancorp news, EVP Michael Olague sold 3,098 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $27.70, for a total transaction of $85,814.60. Following the completion of the transaction, the executive vice president now directly owns 12,409 shares of the company’s stock, valued at $343,729.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin J. Mcphaill sold 6,285 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $29.87, for a total transaction of $187,732.95. Following the completion of the sale, the chief executive officer now owns 20,699 shares in the company, valued at $618,279.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,366 shares of company stock worth $1,370,158 over the last ninety days. Company insiders own 11.86% of the company’s stock.

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.