Sierra Bancorp (NASDAQ:BSRR) Director Sells $128,995.94 in Stock

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Lynda Scearcy sold 4,297 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $30.02, for a total value of $128,995.94. Following the completion of the transaction, the director directly owned 31,233 shares in the company, valued at approximately $937,614.66. The trade was a 12.09% decrease in their ownership of the stock. The transaction 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, June 30th, Lynda Scearcy sold 3,703 shares of Sierra Bancorp stock. The stock was sold at an average price of $30.01, for a total value of $111,127.03.

Sierra Bancorp Stock Performance

NASDAQ BSRR traded up $0.83 on Thursday, reaching $32.18. 19,375 shares of the company's stock traded hands, compared to its average volume of 39,912. Sierra Bancorp has a fifty-two week low of $21.32 and a fifty-two week high of $35.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $444.66 million, a price-to-earnings ratio of 11.41 and a beta of 0.75. The stock has a 50 day moving average price of $27.89 and a 200-day moving average price of $28.44.

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

Sierra Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 of this dividend was Monday, May 5th. Sierra Bancorp's payout ratio is presently 35.46%.

Institutional Investors Weigh In On Sierra Bancorp

Several hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC increased its holdings in shares of Sierra Bancorp by 40.5% during the 1st quarter. Voya Investment Management LLC now owns 14,141 shares of the financial services provider's stock valued at $394,000 after purchasing an additional 4,073 shares in the last quarter. Strs Ohio acquired a new stake in Sierra Bancorp during the first quarter valued at $282,000. Jane Street Group LLC purchased a new position in Sierra Bancorp in the first quarter valued at $784,000. AQR Capital Management LLC raised its position in shares of Sierra Bancorp by 71.6% in the first quarter. AQR Capital Management LLC now owns 24,072 shares of the financial services provider's stock worth $671,000 after acquiring an additional 10,046 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of Sierra Bancorp by 138.3% in the first quarter. Panagora Asset Management Inc. now owns 43,949 shares of the financial services provider's stock worth $1,225,000 after acquiring an additional 25,508 shares during the period. Hedge funds and other institutional investors own 55.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BSRR. Wall Street Zen cut Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. DA Davidson reduced their price target on shares of Sierra Bancorp from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th.

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.