Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 5,300 Shares of Company Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 5,300 shares of the business’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $41.46, for a total transaction of $219,738.00. Following the completion of the transaction, the director directly owned 5,839 shares of the company’s stock, valued at $242,084.94. This trade represents a 47.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 9th, Lynda Scearcy sold 12,725 shares of Sierra Bancorp stock. The shares were sold at an average price of $41.75, for a total transaction of $531,268.75.
• On Tuesday, November 3rd, Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.15, for a total value of $337,621.50.
• On Thursday, October 29th, Lynda Scearcy sold 5,850 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.34, for a total value of $247,689.00.

Sierra Bancorp Trading Up 1.2%

BSRR stock traded up $0.50 during midday trading on Monday, hitting $41.92. 67,993 shares of the company’s stock were exchanged, compared to its average volume of 63,686. Sierra Bancorp has a one year low of $28.35 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $543.53 million, a PE ratio of 10.80 and a beta of 0.75. The stock’s fifty day moving average price is $40.40 and its 200-day moving average price is $38.42.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results 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 13.89% and a net margin of 25.32%. The company had revenue of $40.08 million during the quarter, compared to the consensus estimate of $39.23 million. Research analysts predict that Sierra Bancorp will post 3.86 earnings per share for the current fiscal year.

Sierra Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DA Davidson boosted their price objective on Sierra Bancorp from $47.00 to $48.50 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Raymond James Financial restated a “market perform” rating on shares of Sierra Bancorp in a report on Monday, October 26th. Piper Sandler dropped their target price on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Weiss Ratings raised shares of Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, November 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Sierra Bancorp from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Institutional Trading of Sierra Bancorp

A number of institutional investors have recently modified their holdings of BSRR. BlackRock Inc. acquired a new position in shares of Sierra Bancorp during the second quarter worth about $53,249,000. Jupiter Topco LLC bought a new stake in Sierra Bancorp during the second quarter worth about $17,865,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $14,576,000. Janus Henderson Group PLC lifted its stake in Sierra Bancorp by 32.9% in the first 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 during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in shares of Sierra Bancorp during the 2nd quarter worth about $7,503,000. 55.40% of the stock is currently owned by institutional investors.

Sierra Bancorp Company Profile

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.