Insider Selling: Sierra Bancorp (NASDAQ:BSRR) Director Sells 4,297 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Lynda Scearcy sold 4,297 shares of the firm'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. The trade was a 12.09% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Up 2.6%

BSRR stock traded up $0.83 during trading hours on Friday, reaching $32.18. 19,375 shares of the stock were exchanged, compared to its average volume of 39,895. The firm's 50-day moving average is $28.01 and its 200-day moving average is $28.45. Sierra Bancorp has a 12 month low of $21.69 and a 12 month high of $35.13. The company has a market cap of $444.66 million, a price-to-earnings ratio of 11.41 and a beta of 0.75. 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 (NASDAQ:BSRR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.65 earnings per share 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 firm had revenue of $36.75 million for the quarter, compared to analyst estimates of $37.51 million. On average, equities research analysts expect that Sierra Bancorp will post 2.95 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. Sierra Bancorp's dividend payout ratio is currently 35.46%.

Institutional Trading of Sierra Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in BSRR. State of Tennessee Department of Treasury acquired a new stake in Sierra Bancorp in the 4th quarter valued at $137,000. CWM LLC grew 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 acquiring an additional 647 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Sierra Bancorp in the 4th quarter valued at about $202,000. MetLife Investment Management LLC increased its position in shares of Sierra Bancorp by 11.3% in the fourth quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 838 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Sierra Bancorp by 25.0% during the fourth quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider's stock worth $240,000 after acquiring an additional 1,664 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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