Sierra Bancorp (BSRR) Earning Somewhat Favorable Press Coverage, Report Shows
Media headlines about Sierra Bancorp (NASDAQ:BSRR) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sierra Bancorp earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.9289089768192 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Sierra Bancorp : BSRR-US: Dividend Analysis : August 03rd, 2017 (record date) : By the numbers : August 31, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Sierra Bancorp (BSRR) Will Announce Earnings of $0.40 Per Share (americanbankingnews.com)
- Sierra Bancorp (NASDAQ:BSRR) Trading Down – Short Interest Up by 15.40% (highlightpress.com)
- Sierra Bancorp breached its 50 day moving average in a Bearish Manner : BSRR-US : August 29, 2017 (finance.yahoo.com)
Several equities analysts have weighed in on BSRR shares. ValuEngine raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price target on shares of Sierra Bancorp in a research report on Friday, July 14th. Raymond James Financial, Inc. raised Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research report on Tuesday, July 25th. BidaskClub downgraded Sierra Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.95.
Sierra Bancorp (BSRR) traded up 1.00% during trading on Thursday, reaching $25.31. The company’s stock had a trading volume of 20,618 shares. Sierra Bancorp has a 52 week low of $17.25 and a 52 week high of $29.50. The firm has a 50-day moving average price of $25.51 and a 200-day moving average price of $26.01. The firm has a market capitalization of $350.24 million, a P/E ratio of 18.35 and a beta of 0.86.
Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%. The company had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities analysts anticipate that Sierra Bancorp will post $1.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.21%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 40.88%.
In other Sierra Bancorp news, Director Robert L. Fields sold 2,465 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total transaction of $66,875.45. Following the sale, the director now directly owns 410,078 shares of the company’s stock, valued at approximately $11,125,416.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert L. Fields sold 9,600 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $27.14, for a total transaction of $260,544.00. Following the sale, the director now directly owns 412,543 shares in the company, valued at $11,196,417.02. The disclosure for this sale can be found here. Insiders have sold a total of 12,165 shares of company stock valued at $330,119 in the last quarter. Insiders own 15.24% of the company’s stock.
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About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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