Sierra Bancorp (NASDAQ:BSRR) Receives Daily Coverage Optimism Score of 0.16

News coverage about Sierra Bancorp (NASDAQ:BSRR) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sierra Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.7851858333977 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

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Sierra Bancorp stock traded up $0.48 during midday trading on Thursday, hitting $26.98. 25,160 shares of the company were exchanged, compared to its average volume of 25,607. The firm has a market capitalization of $401.14, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 0.80. Sierra Bancorp has a fifty-two week low of $23.10 and a fifty-two week high of $28.87.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The company had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million. Sierra Bancorp had a return on equity of 9.87% and a net margin of 19.02%. analysts forecast that Sierra Bancorp will post 1.98 earnings per share for the current fiscal year.

BSRR has been the subject of several recent analyst reports. BidaskClub cut Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, December 26th. Sandler O’Neill set a $29.00 target price on Sierra Bancorp and gave the stock a “hold” rating in a report on Thursday, March 29th. Finally, Hovde Group set a $30.00 target price on Sierra Bancorp and gave the stock a “hold” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Sierra Bancorp currently has an average rating of “Hold” and an average target price of $29.14.

In other news, Director Robb Evans purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $27.76 per share, with a total value of $27,760.00. Following the transaction, the director now owns 16,200 shares in the company, valued at approximately $449,712. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have purchased 1,730 shares of company stock worth $47,297. Corporate insiders own 20.77% of the company’s stock.

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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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

Insider Buying and Selling by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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