Sierra Bancorp (NASDAQ:BSRR) CEO Kevin Mcphaill Sells 4,000 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) CEO Kevin Mcphaill sold 4,000 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $42.85, for a total value of $171,400.00. Following the sale, the chief executive officer directly owned 63,807 shares in the company, valued at approximately $2,734,129.95. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sierra Bancorp Stock Performance

Shares of NASDAQ BSRR opened at $42.43 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $40.10 and a 200-day simple moving average of $38.19. The company has a market cap of $549.89 million, a PE ratio of 10.91 and a beta of 0.76. Sierra Bancorp has a 12-month low of $27.93 and a 12-month high of $44.00.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, October 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.27. Sierra Bancorp had a return on equity of 13.86% and a net margin of 25.32%. The business had revenue of $40.08 million during the quarter, compared to analyst estimates of $39.23 million. On average, equities research analysts forecast that Sierra Bancorp will post 3.86 EPS for the current year.

Sierra Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 2nd. Sierra Bancorp’s payout ratio is 27.84%.

Analyst Ratings Changes

Several research analysts have recently issued reports on BSRR shares. DA Davidson increased their price target on Sierra Bancorp from $47.00 to $48.50 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James Financial restated a “market perform” rating on shares of Sierra Bancorp in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Sierra Bancorp in a research note on Monday, September 21st. Finally, Piper Sandler reduced their price objective on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.75.

Institutional Trading of Sierra Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in shares of Sierra Bancorp in the second quarter valued at approximately $45,000. Ameritas Advisory Services LLC acquired a new position in shares of Sierra Bancorp during the second quarter valued at approximately $94,000. Integrated Wealth Concepts LLC bought a new stake in Sierra Bancorp during the second quarter worth approximately $94,000. Public Employees Retirement System of Ohio bought a new stake in Sierra Bancorp during the second quarter worth approximately $149,000. Finally, Corient Private Wealth LP bought a new stake in Sierra Bancorp during the second quarter worth approximately $216,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Sierra Bancorp Company Profile

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.