Sierra Bancorp (NASDAQ:BSRR) released its quarterly earnings data on Tuesday. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03, Fidelity Earnings reports. The business had revenue of $30.67 million for the quarter, compared to the consensus estimate of $29.80 million. Sierra Bancorp had a net margin of 25.98% and a return on equity of 11.95%.
Shares of NASDAQ:BSRR opened at $27.60 on Wednesday. Sierra Bancorp has a 1 year low of $22.67 and a 1 year high of $30.15. The firm has a market capitalization of $425.44 million, a PE ratio of 12.32 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50 day moving average price is $28.48 and its 200-day moving average price is $26.79.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Thursday, January 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.90%. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, January 29th. Sierra Bancorp’s dividend payout ratio (DPR) is 39.58%.
BSRR has been the topic of several recent analyst reports. Piper Sandler assumed coverage on shares of Sierra Bancorp in a report on Wednesday. They issued a “neutral” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday, December 30th. ValuEngine upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, BidaskClub cut Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.33.
In other news, Director James C. Holly sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $26.81, for a total value of $134,050.00. Following the completion of the sale, the director now directly owns 381,476 shares of the company’s stock, valued at approximately $10,227,371.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James F. Gardunio sold 3,162 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $27.77, for a total value of $87,808.74. Following the completion of the sale, the executive vice president now directly owns 838 shares of the company’s stock, valued at $23,271.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,162 shares of company stock worth $363,809. 10.34% of the stock is currently owned by company insiders.
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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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