Sierra Bancorp (NASDAQ:BSRR)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $30.09 and last traded at $30.06, with a volume of 32686 shares changing hands. The stock had previously closed at $29.50.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. BidaskClub upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Hovde Group restated a “buy” rating and issued a $32.00 target price on shares of Sierra Bancorp in a report on Thursday, July 26th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Sierra Bancorp has an average rating of “Hold” and an average price target of $31.00.
The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $452.86 million, a price-to-earnings ratio of 19.39, a PEG ratio of 1.87 and a beta of 0.69.
Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, July 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Sierra Bancorp had a net margin of 21.45% and a return on equity of 10.98%. The company had revenue of $28.23 million for the quarter, compared to analyst estimates of $27.43 million. equities research analysts forecast that Sierra Bancorp will post 1.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, August 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, August 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.13%. Sierra Bancorp’s dividend payout ratio is presently 41.29%.
In other Sierra Bancorp news, Director Gordon T. Woods sold 2,500 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $29.55, for a total value of $73,875.00. Following the completion of the sale, the director now owns 22,500 shares in the company, valued at approximately $664,875. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kevin J. Mcphaill sold 4,801 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $29.37, for a total transaction of $141,005.37. Following the completion of the sale, the chief executive officer now owns 12,230 shares of the company’s stock, valued at approximately $359,195.10. The disclosure for this sale can be found here. Corporate insiders own 10.21% of the company’s stock.
A number of large investors have recently bought and sold shares of BSRR. Acadian Asset Management LLC increased its stake in Sierra Bancorp by 90.2% in the 2nd quarter. Acadian Asset Management LLC now owns 4,834 shares of the financial services provider’s stock valued at $137,000 after buying an additional 2,292 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Sierra Bancorp in the 2nd quarter valued at about $203,000. Mackay Shields LLC purchased a new stake in Sierra Bancorp in the 1st quarter valued at about $241,000. Algert Global LLC purchased a new stake in Sierra Bancorp in the 1st quarter valued at about $287,000. Finally, New York State Common Retirement Fund increased its stake in Sierra Bancorp by 27.5% in the 1st quarter. New York State Common Retirement Fund now owns 15,300 shares of the financial services provider’s stock valued at $408,000 after buying an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 51.92% of the company’s stock.
About Sierra Bancorp (NASDAQ:BSRR)
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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