Sierra Bancorp (BSRR) To Go Ex-Dividend on February 3rd

Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, February 3rd will be given a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.24.

Sierra Bancorp has increased its dividend by an average of 3.0% annually over the last three years. Sierra Bancorp has a dividend payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sierra Bancorp to earn $3.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 32.9%.

Sierra Bancorp Price Performance

BSRR stock opened at $30.14 on Friday. Sierra Bancorp has a one year low of $17.69 and a one year high of $35.13. The firm has a 50-day moving average of $29.94 and a two-hundred day moving average of $29.37. The firm has a market capitalization of $433.71 million, a PE ratio of 10.73 and a beta of 0.92. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director James C. Holly sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the transaction, the director now owns 313,370 shares of the company’s stock, valued at approximately $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the sale, the director now directly owns 150,063 shares in the company, valued at approximately $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,056 shares of company stock valued at $244,741 over the last quarter. Insiders own 11.86% 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.