Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 5,000 Shares

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 5,000 shares of Sierra Bancorp stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the director directly owned 30,133 shares of the company’s stock, valued at approximately $1,054,655. This represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 9th, Lynda Scearcy sold 100 shares of Sierra Bancorp stock. The shares were sold at an average price of $32.68, for a total value of $3,268.00.
• On Monday, November 10th, Lynda Scearcy sold 1,000 shares of Sierra Bancorp stock. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00.

Sierra Bancorp Price Performance

NASDAQ BSRR traded up $0.06 during trading hours on Friday, reaching $35.11. The company’s stock had a trading volume of 51,157 shares, compared to its average volume of 60,197. 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 company’s 50-day moving average is $32.19 and its two-hundred day moving average is $30.52. Sierra Bancorp has a fifty-two week low of $22.42 and a fifty-two week high of $35.50. The stock has a market cap of $466.90 million, a PE ratio of 12.23 and a beta of 0.81.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.07). The business had revenue of $40.03 million during the quarter, compared to analysts’ expectations of $39.57 million. Sierra Bancorp had a net margin of 19.70% and a return on equity of 11.17%. Analysts forecast that Sierra Bancorp will post 2.95 EPS for the current year.

Sierra Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, November 3rd. Sierra Bancorp’s payout ratio is 34.84%.

Wall Street Analysts Forecast Growth

BSRR has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Sierra Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, October 29th. DA Davidson reiterated a “buy” rating and set a $36.00 price target on shares of Sierra Bancorp in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sierra Bancorp in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Sierra Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 733,567 shares of the financial services provider’s stock worth $21,207,000 after acquiring an additional 22,931 shares in the last quarter. Private Management Group Inc. raised its position in shares of Sierra Bancorp by 1.3% during the 2nd quarter. Private Management Group Inc. now owns 586,402 shares of the financial services provider’s stock valued at $17,410,000 after acquiring an additional 7,641 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Sierra Bancorp by 16.1% in the second quarter. Ameriprise Financial Inc. now owns 238,620 shares of the financial services provider’s stock worth $7,085,000 after acquiring an additional 33,048 shares during the last quarter. American Century Companies Inc. increased its position in Sierra Bancorp by 35.3% in the 2nd quarter. American Century Companies Inc. now owns 181,923 shares of the financial services provider’s stock valued at $5,401,000 after acquiring an additional 47,474 shares during the period. Finally, CSM Advisors LLC acquired a new stake in Sierra Bancorp in the second quarter worth about $5,057,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Sierra Bancorp Company Profile

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.