Sierra Bancorp (NASDAQ:BSRR) Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of $26.63 per share, for a total transaction of $26,630.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $532,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of BSRR traded down $0.77 during midday trading on Thursday, reaching $25.36. 623 shares of the company were exchanged, compared to its average volume of 26,050. The stock has a market cap of $407.12 million, a PE ratio of 13.34, a P/E/G ratio of 1.48 and a beta of 0.88. Sierra Bancorp has a 1-year low of $22.67 and a 1-year high of $31.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The company had revenue of $29.88 million for the quarter, compared to analysts’ expectations of $29.50 million. Sierra Bancorp had a return on equity of 11.80% and a net margin of 24.90%. On average, research analysts anticipate that Sierra Bancorp will post 2.25 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of BSRR. Macquarie Group Ltd. lifted its stake in shares of Sierra Bancorp by 270.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,233 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Sierra Bancorp by 508.9% during the first quarter. BNP Paribas Arbitrage SA now owns 2,953 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,468 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Sierra Bancorp by 18.1% during the fourth quarter. Citigroup Inc. now owns 4,468 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 685 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Sierra Bancorp by 413.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,635 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 3,733 shares during the last quarter. Finally, Ameritas Investment Corp purchased a new stake in shares of Sierra Bancorp during the first quarter worth about $166,000. Institutional investors own 52.55% of the company’s stock.
BSRR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Wednesday, April 24th. BidaskClub cut Sierra Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, March 9th. Hovde Group reiterated a “buy” rating on shares of Sierra Bancorp in a report on Monday, January 28th. Finally, ValuEngine cut Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sierra Bancorp currently has an average rating of “Buy” and a consensus target price of $30.33.
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. 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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