Lynda Scearcy Sells 3,703 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Lynda Scearcy sold 3,703 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $30.01, for a total transaction of $111,127.03. Following the sale, the director directly owned 32,233 shares in the company, valued at approximately $967,312.33. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, July 1st, Lynda Scearcy sold 4,297 shares of Sierra Bancorp stock. The shares were sold at an average price of $30.02, for a total transaction of $128,995.94.

Sierra Bancorp Trading Up 2.6%

Shares of 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 company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 12-month low of $21.69 and a 12-month high of $35.13. The firm has a market capitalization of $444.66 million, a price-to-earnings ratio of 11.41 and a beta of 0.75. The company's 50-day moving average price is $28.01 and its 200-day moving average price is $28.45.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $36.75 million for the quarter, compared to analysts' expectations of $37.51 million. Sierra Bancorp had a net margin of 19.92% and a return on equity of 11.38%. As a group, equities analysts anticipate that Sierra Bancorp will post 2.95 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.25 per share. 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 currently 35.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BSRR. Wall Street Zen downgraded shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Finally, DA Davidson decreased their price target on shares of Sierra Bancorp from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th.

Hedge Funds Weigh In On Sierra Bancorp

Hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of Sierra Bancorp by 15.1% during the first quarter. CWM LLC now owns 4,920 shares of the financial services provider's stock worth $137,000 after purchasing an additional 647 shares during the last quarter. MetLife Investment Management LLC grew its holdings 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 worth $239,000 after purchasing an additional 838 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Sierra Bancorp by 8.3% in the 4th quarter. BNP Paribas Financial Markets now owns 12,547 shares of the financial services provider's stock worth $363,000 after buying an additional 966 shares during the period. Two Sigma Advisers LP lifted its holdings in Sierra Bancorp by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the financial services provider's stock valued at $362,000 after buying an additional 1,000 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Sierra Bancorp by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider's stock valued at $240,000 after buying an additional 1,664 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

About Sierra Bancorp

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.