Sierra Bancorp (NASDAQ:BSRR) CFO Sells $170,040.00 in Stock

Sierra Bancorp (NASDAQ:BSRR) CFO Christopher Treece sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $42.51, for a total transaction of $170,040.00. Following the completion of the sale, the chief financial officer owned 35,095 shares in the company, valued at $1,491,888.45. This represents a 10.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sierra Bancorp Price Performance

BSRR stock traded down $0.53 during trading on Friday, hitting $41.90. 69,366 shares of the company’s stock traded hands, compared to its average volume of 62,669. Sierra Bancorp has a 52 week low of $27.93 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $543.02 million, a price-to-earnings ratio of 10.80 and a beta of 0.76. The business has a fifty day simple moving average of $40.10 and a 200 day simple moving average of $38.19.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, October 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.27. Sierra Bancorp had a return on equity of 13.86% and a net margin of 25.32%. The company had revenue of $40.08 million for the quarter, compared to analysts’ expectations of $39.23 million. As a group, research analysts expect that Sierra Bancorp will post 3.86 EPS for the current fiscal year.

Sierra Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 2nd. Sierra Bancorp’s payout ratio is presently 27.84%.

Institutional Investors Weigh In On Sierra Bancorp

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $45,000. Ameritas Advisory Services LLC purchased a new position in shares of Sierra Bancorp during the 2nd quarter valued at approximately $94,000. Integrated Wealth Concepts LLC acquired a new stake in Sierra Bancorp during the second quarter worth $94,000. Public Employees Retirement System of Ohio acquired a new position in shares of Sierra Bancorp in the second quarter valued at approximately $149,000. Finally, Corient Private Wealth LP purchased a new stake in Sierra Bancorp during the 2nd quarter worth about $216,000. Institutional investors own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BSRR shares. Weiss Ratings restated a “buy (b)” rating on shares of Sierra Bancorp in a report on Monday, September 21st. Raymond James Financial restated a “market perform” rating on shares of Sierra Bancorp in a report on Monday. Piper Sandler lowered their price target on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Zacks Research raised Sierra Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, DA Davidson upped their price target on shares of Sierra Bancorp from $47.00 to $48.50 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sierra Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

Trending Headlines about Sierra Bancorp

Here are the key news stories impacting Sierra Bancorp this week:

• Positive Sentiment: Zacks upgraded Sierra Bancorp from “Hold” to “Strong Buy,” adding a notable bullish catalyst for the stock. BSRR was also included on Zacks’ Rank #1 momentum and Strong Buy lists. Best Momentum Stocks to Buy for October 29th
• Positive Sentiment: DA Davidson raised its price target to $48.50 and maintained a Buy rating, implying additional upside from recent trading levels. However, the broader analyst consensus remains Hold with an average target of $43.75. Sierra Bancorp Stock Price Expected to Rise, DA Davidson Analyst Says
• Positive Sentiment: Recent quarterly results exceeded expectations: earnings per share were $1.18 versus a $0.91 estimate, while revenue reached $40.08 million compared with expectations of $39.23 million. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 2.5% indicated yield.
• Positive Sentiment: Institutional ownership stands at 55.4%, with major investors including BlackRock, Jupiter Topco and Manufacturers Life Insurance recently establishing positions. This may provide longer-term institutional support.
• Negative Sentiment: CEO Kevin Mcphaill sold 4,000 shares for approximately $171,400, reducing his direct ownership by 5.9%. Director Lynda Scearcy separately sold 5,850 shares, cutting her position by 19.4%. Multiple insider sales can create short-term caution, although the transactions do not necessarily indicate a change in business outlook. Sierra Bancorp Insider Buying and Selling

About Sierra Bancorp

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.