Vonn Christenson Sells 3,947 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR) Director Vonn Christenson sold 3,947 shares of Sierra Bancorp stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.05, for a total transaction of $150,183.35. Following the sale, the director directly owned 189 shares in the company, valued at approximately $7,191.45. The trade was a 95.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sierra Bancorp Stock Down 0.9%

BSRR stock opened at $36.94 on Thursday. The firm has a market cap of $483.18 million, a PE ratio of 10.77 and a beta of 0.76. 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’s 50 day moving average price is $35.04 and its 200-day moving average price is $33.88. Sierra Bancorp has a one year low of $26.49 and a one year high of $38.60.

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

Sierra Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.04 dividend on an annualized basis and a yield of 2.8%. Sierra Bancorp’s payout ratio is presently 30.32%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Sierra Bancorp in a research report on Friday, March 27th. DA Davidson reissued a “buy” rating and issued a $44.00 target price on shares of Sierra Bancorp in a research report on Tuesday, April 28th. Zacks Research lowered Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Piper Sandler cut their target price on Sierra Bancorp from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Hedge Funds Weigh In On Sierra Bancorp

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Sierra Bancorp in the second quarter worth $26,000. Russell Investments Group Ltd. grew its stake in shares of Sierra Bancorp by 3,714.3% in the third quarter. Russell Investments Group Ltd. now owns 1,068 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,040 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Sierra Bancorp by 57.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 829 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Sierra Bancorp by 121.6% in the third quarter. BNP Paribas Financial Markets now owns 3,565 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,956 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp in the fourth quarter worth $153,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.