Sierra Bancorp (NASDAQ:BSRR) Increases Dividend to $0.27 Per Share

Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Friday, July 24th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.27 per share by the financial services provider on Monday, August 10th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 3rd. This is a 3.8% increase from Sierra Bancorp’s previous quarterly dividend of $0.26.

Sierra Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Sierra Bancorp has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sierra Bancorp to earn $3.88 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 26.8%.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $41.88 on Friday. The company has a market capitalization of $547.79 million, a P/E ratio of 12.21 and a beta of 0.76. The business has a fifty day simple moving average of $40.00 and a two-hundred day simple moving average of $37.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.80 and a quick ratio of 0.80. Sierra Bancorp has a 1 year low of $26.49 and a 1 year high of $43.13.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.14. Sierra Bancorp had a return on equity of 12.67% and a net margin of 22.53%.The firm had revenue of $38.66 million for the quarter, compared to analysts’ expectations of $39.68 million. On average, analysts expect that Sierra Bancorp will post 3.73 earnings per share for the current year.

About Sierra Bancorp

Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.

Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.