Lynda Scearcy Sells 4,297 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 4,297 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $30.02, for a total value of $128,995.94. Following the sale, the director directly owned 31,233 shares in the company, valued at $937,614.66. This represents a 12.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Lynda Scearcy also recently made the following trade(s):

• On Monday, June 30th, Lynda Scearcy sold 3,703 shares of Sierra Bancorp stock. The shares were sold at an average price of $30.01, for a total value of $111,127.03.

Sierra Bancorp Stock Performance

Shares of BSRR stock opened at $32.18 on Friday. The company has a market cap of $444.66 million, a P/E ratio of 11.41 and a beta of 0.75. The firm has a fifty day moving average price of $27.89 and a 200 day moving average price of $28.44. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 12 month low of $21.32 and a 12 month high of $35.13.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Sierra Bancorp had a return on equity of 11.38% and a net margin of 19.92%. The business had revenue of $36.75 million for the quarter, compared to analyst estimates of $37.51 million. Sell-side analysts predict that Sierra Bancorp will post 2.95 earnings per share for the current fiscal year.

Sierra Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Monday, May 5th. Sierra Bancorp’s dividend payout ratio (DPR) is 35.46%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Sierra Bancorp from $32.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. DA Davidson cut their target price on shares of Sierra Bancorp from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Finally, Wall Street Zen cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday, May 2nd.

Hedge Funds Weigh In On Sierra Bancorp

Several hedge funds have recently added to or reduced their stakes in BSRR. State of Tennessee Department of Treasury acquired a new position in Sierra Bancorp in the fourth quarter valued at $137,000. CWM LLC lifted its holdings in shares of Sierra Bancorp by 15.1% in the 1st quarter. CWM LLC now owns 4,920 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 647 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Sierra Bancorp in the 4th quarter valued at about $202,000. MetLife Investment Management LLC grew its stake in Sierra Bancorp by 11.3% during the 4th quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider’s stock worth $239,000 after buying an additional 838 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Sierra Bancorp by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider’s stock worth $240,000 after buying an additional 1,664 shares during the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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.