Sierra Bancorp (NASDAQ:BSRR) EVP Michael Olague Sells 3,563 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) EVP Michael Olague sold 3,563 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $31.15, for a total value of $110,987.45. Following the sale, the executive vice president now directly owns 12,409 shares of the company’s stock, valued at $386,540.35. This represents a 22.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sierra Bancorp Stock Down 0.9 %

BSRR stock opened at $30.87 on Tuesday. The stock’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $29.51. The company has a market cap of $444.22 million, a P/E ratio of 10.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13.

Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%. On average, research analysts expect that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, February 3rd. Sierra Bancorp’s dividend payout ratio (DPR) is 35.59%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in Sierra Bancorp in the 3rd quarter valued at about $29,000. SG Americas Securities LLC purchased a new stake in shares of Sierra Bancorp in the third quarter worth approximately $142,000. Franklin Resources Inc. bought a new position in shares of Sierra Bancorp in the third quarter valued at approximately $216,000. Proficio Capital Partners LLC purchased a new position in shares of Sierra Bancorp during the fourth quarter valued at approximately $385,000. Finally, Jane Street Group LLC grew its holdings in Sierra Bancorp by 9.7% during the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after buying an additional 1,484 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.