Sierra Bancorp (NASDAQ:BSRR) Director James C. Holly Sells 5,000 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director James C. Holly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now directly owns 313,370 shares of the company’s stock, valued at approximately $9,081,462.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sierra Bancorp Trading Up 18.5 %

NASDAQ BSRR opened at $34.59 on Thursday. Sierra Bancorp has a 52 week low of $17.52 and a 52 week high of $35.13. The business has a 50 day moving average price of $29.00 and a 200-day moving average price of $25.55. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $490.83 million, a price-to-earnings ratio of 13.73 and a beta of 0.89.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.59%. The business had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million. As a group, equities analysts expect that Sierra Bancorp will post 2.79 earnings per share for the current fiscal 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 issued a $0.24 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.78%. Sierra Bancorp’s dividend payout ratio is presently 38.10%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sierra Bancorp

A number of hedge funds have recently added to or reduced their stakes in BSRR. Foundry Partners LLC lifted its holdings in shares of Sierra Bancorp by 11.1% in the first quarter. Foundry Partners LLC now owns 150,415 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 15,080 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Sierra Bancorp by 24.0% in the 3rd 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 during the last quarter. Los Angeles Capital Management LLC lifted its stake in Sierra Bancorp by 21.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider’s stock valued at $1,329,000 after acquiring an additional 8,033 shares in the last quarter. Private Management Group Inc. boosted its holdings in Sierra Bancorp by 1.2% during the 2nd quarter. Private Management Group Inc. now owns 657,147 shares of the financial services provider’s stock worth $14,707,000 after acquiring an additional 7,515 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Sierra Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 680,053 shares of the financial services provider’s stock worth $13,737,000 after acquiring an additional 5,830 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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