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

Sierra Bancorp (NASDAQ:BSRR) CAO Cindy L. Dabney sold 516 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.79, for a total value of $17,951.64. Following the sale, the chief accounting officer now directly owns 6,348 shares in the company, valued at approximately $220,846.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sierra Bancorp Stock Up 18.5 %

Shares of BSRR stock traded up $5.41 on Wednesday, hitting $34.59. 85,844 shares of the stock were exchanged, compared to its average volume of 31,698. 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 market capitalization of $490.83 million, a P/E ratio of 13.73 and a beta of 0.89. Sierra Bancorp has a fifty-two week low of $17.52 and a fifty-two week high of $35.13. The business has a 50-day moving average of $28.90 and a 200 day moving average of $25.48.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $52.59 million during the quarter, compared to the consensus estimate of $38.30 million. Sierra Bancorp had a return on equity of 10.59% and a net margin of 17.91%. Equities analysts anticipate that Sierra Bancorp will post 2.79 EPS for the current year.

Sierra Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, October 31st. Sierra Bancorp’s dividend payout ratio (DPR) is currently 38.10%.

Analysts Set New Price Targets

BSRR has been the subject of a number of research reports. StockNews.com cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd.

Institutional Investors Weigh In On Sierra Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its holdings 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 acquiring an additional 957 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Sierra Bancorp by 8.2% during the second 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. Vanguard Group Inc. grew its stake in Sierra Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider’s stock valued at $13,737,000 after purchasing an additional 5,830 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Sierra Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 66,202 shares of the financial services provider’s stock valued at $1,337,000 after buying an additional 4,900 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Sierra Bancorp by 24.0% in the third quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider’s stock valued at $2,137,000 after buying an additional 14,335 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About Sierra Bancorp

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.