Sierra Bancorp (NASDAQ:BSRR) Director Sells $40,024.53 in Stock

Sierra Bancorp (NASDAQ:BSRR) Director Vonn Christenson sold 1,053 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.01, for a total transaction of $40,024.53. Following the completion of the transaction, the director directly owned 189 shares of the company’s stock, valued at approximately $7,183.89. This represents a 84.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sierra Bancorp Stock Performance

Shares of NASDAQ BSRR traded up $0.36 during midday trading on Wednesday, reaching $38.26. The company had a trading volume of 54,691 shares, compared to its average volume of 61,122. The business’s 50-day simple moving average is $35.26 and its 200 day simple moving average is $34.14. The stock has a market cap of $500.43 million, a P/E ratio of 11.15 and a beta of 0.76. Sierra Bancorp has a 1 year low of $26.49 and a 1 year high of $38.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.14. The business had revenue of $38.66 million during the quarter, compared to analysts’ expectations of $39.68 million. Sierra Bancorp had a net margin of 22.53% and a return on equity of 12.67%. On average, analysts forecast that Sierra Bancorp will post 3.73 earnings per share for the current fiscal year.

Sierra Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.7%. Sierra Bancorp’s dividend payout ratio (DPR) is currently 30.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Sierra Bancorp by 3.2% during the third quarter. Vanguard Group Inc. now owns 733,567 shares of the financial services provider’s stock worth $21,207,000 after purchasing an additional 22,931 shares during the period. Janus Henderson Group PLC raised its stake in Sierra Bancorp by 32.9% during the first quarter. Janus Henderson Group PLC now owns 344,133 shares of the financial services provider’s stock worth $11,673,000 after purchasing an additional 85,098 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Sierra Bancorp by 16.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 238,620 shares of the financial services provider’s stock worth $7,085,000 after acquiring an additional 33,048 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Sierra Bancorp by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 132,990 shares of the financial services provider’s stock worth $4,346,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sierra Bancorp by 19.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 98,619 shares of the financial services provider’s stock worth $3,345,000 after acquiring an additional 15,877 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BSRR shares. Zacks Research cut shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Piper Sandler reduced their target price on shares of Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. DA Davidson reissued a “buy” rating and set a $44.00 target price on shares of Sierra Bancorp in a report on Tuesday, April 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sierra Bancorp in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

About Sierra Bancorp

Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.

Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.