Sierra Bancorp (BSRR) Receiving Somewhat Positive News Coverage, Accern Reports
Media stories about Sierra Bancorp (NASDAQ:BSRR) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sierra Bancorp earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.9251898418694 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- ETFs with exposure to Sierra Bancorp : October 4, 2017 (finance.yahoo.com)
- Sierra Bancorp :BSRR-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017 (finance.yahoo.com)
- Sierra Bancorp Completes Acquisition of OCB Bancorp, Parent of Ojai Community Bank (finance.yahoo.com)
- Sierra Bancorp (BSRR) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several research analysts have recently issued reports on the company. BidaskClub raised Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. 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 note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price target on shares of Sierra Bancorp in a research note on Friday, July 14th. ValuEngine cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Sierra Bancorp currently has a consensus rating of “Hold” and an average target price of $28.15.
Shares of Sierra Bancorp (NASDAQ BSRR) traded up 0.30% on Friday, reaching $26.97. The company had a trading volume of 24,902 shares. Sierra Bancorp has a one year low of $17.25 and a one year high of $29.50. The firm has a market cap of $373.21 million, a P/E ratio of 19.56 and a beta of 0.86. The company has a 50-day moving average price of $25.65 and a 200-day moving average price of $25.57.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%. On average, analysts expect that Sierra Bancorp will post $1.52 earnings per share for the current fiscal year.
In related news, Director Robert L. Fields sold 2,465 shares of Sierra Bancorp stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total transaction of $66,875.45. Following the completion of the sale, the director now directly owns 410,078 shares of the company’s stock, valued at $11,125,416.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Fields sold 9,600 shares of Sierra Bancorp stock in a transaction on Monday, July 31st. The stock was sold at an average price of $27.14, for a total value of $260,544.00. Following the sale, the director now directly owns 412,543 shares of the company’s stock, valued at $11,196,417.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,165 shares of company stock valued at $330,119. 15.24% of the stock is currently owned by corporate insiders.
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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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