Sierra Bancorp (NASDAQ:BSRR) CFO Sells $381,800.00 in Stock

Sierra Bancorp (NASDAQ:BSRR) CFO Christopher Treece sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $38.18, for a total value of $381,800.00. Following the transaction, the chief financial officer owned 39,095 shares of the company’s stock, valued at $1,492,647.10. The trade was a 20.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sierra Bancorp Trading Down 0.8%

Shares of Sierra Bancorp stock traded down $0.31 during trading on Friday, hitting $38.19. 69,624 shares of the company were exchanged, compared to its average volume of 61,653. The firm has a market capitalization of $499.49 million, a P/E ratio of 11.13 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 firm’s fifty day moving average price is $35.45 and its 200 day moving average price is $34.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.80.

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

Sierra Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a $0.26 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.04 annualized dividend and a dividend yield of 2.7%. Sierra Bancorp’s payout ratio is currently 30.32%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Sierra Bancorp

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in Sierra Bancorp by 32.9% in the 1st quarter. Janus Henderson Group PLC now owns 344,133 shares of the financial services provider’s stock valued at $11,673,000 after acquiring an additional 85,098 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Sierra Bancorp by 24.3% in the 1st quarter. Quantinno Capital Management LP now owns 24,825 shares of the financial services provider’s stock valued at $842,000 after acquiring an additional 4,858 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Sierra Bancorp in the 1st quarter valued at approximately $358,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 valued at $3,345,000 after acquiring an additional 15,877 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in Sierra Bancorp in the 1st quarter valued at approximately $284,000. Institutional investors own 55.40% of the company’s stock.

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.