Sierra Bancorp (NASDAQ:BSRR) Stock: Insider Lynda Scearcy Sells 12,725 Shares

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 12,725 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $41.75, for a total transaction of $531,268.75. Following the transaction, the director owned 3,548 shares of the company’s stock, valued at approximately $148,129. This represents a 78.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 6th, Lynda Scearcy sold 5,300 shares of Sierra Bancorp stock. The shares were sold at an average price of $41.46, for a total transaction of $219,738.00.
• On Tuesday, November 3rd, Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock. The shares were sold at an average price of $42.15, for a total transaction of $337,621.50.
• On Thursday, October 29th, Lynda Scearcy sold 5,850 shares of Sierra Bancorp stock. The shares were sold at an average price of $42.34, for a total transaction of $247,689.00.

Sierra Bancorp Stock Performance

NASDAQ BSRR opened at $42.14 on Wednesday. The firm’s fifty day moving average price is $40.49 and its two-hundred day moving average price is $38.47. The stock has a market cap of $546.56 million, a PE ratio of 10.80 and a beta of 0.75. Sierra Bancorp has a fifty-two week low of $28.35 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, October 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.27. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.89%. The company had revenue of $40.08 million during the quarter, compared to the consensus estimate of $39.23 million. On average, equities analysts expect that Sierra Bancorp will post 3.86 EPS for the current fiscal year.

Sierra Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Monday, November 2nd were given a dividend of $0.27 per share. The ex-dividend date was Monday, November 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. Sierra Bancorp’s payout ratio is currently 27.84%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of Sierra Bancorp in a research report on Monday, October 26th. Piper Sandler reduced their price target on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Zacks Research raised Sierra Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Weiss Ratings upgraded shares of Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Sierra Bancorp from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Institutional Trading of Sierra Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in Sierra Bancorp during the 2nd quarter worth about $385,000. Engineers Gate Manager LP acquired a new stake in shares of Sierra Bancorp in the second quarter valued at about $375,000. Integrated Wealth Concepts LLC bought a new position in shares of Sierra Bancorp during the second quarter worth about $94,000. Corient Private Wealth LP bought a new position in shares of Sierra Bancorp during the second quarter worth about $219,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Sierra Bancorp during the second quarter worth about $94,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About Sierra Bancorp

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.