Sierra Bancorp (NASDAQ:BSRR – Get Free Report) EVP Michael Olague sold 4,753 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $22.29, for a total transaction of $105,944.37. Following the completion of the transaction, the executive vice president now directly owns 31,353 shares in the company, valued at $698,858.37. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Sierra Bancorp Trading Up 3.9 %
Shares of NASDAQ:BSRR traded up $0.84 during midday trading on Thursday, reaching $22.60. 46,935 shares of the company’s stock were exchanged, compared to its average volume of 27,503. The firm’s 50 day simple moving average is $19.20 and its two-hundred day simple moving average is $19.67. Sierra Bancorp has a fifty-two week low of $15.08 and a fifty-two week high of $23.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $331.04 million, a price-to-earnings ratio of 9.05 and a beta of 0.91.
Sierra Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.92 dividend on an annualized basis and a yield of 4.07%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 38.02%.
Institutional Trading of Sierra Bancorp
Analyst Ratings Changes
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their price target on Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a report on Tuesday, April 23rd. Janney Montgomery Scott upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and decreased their target price for the company from $24.00 to $23.00 in a report on Tuesday, April 23rd.
Read Our Latest Research Report on BSRR
About Sierra Bancorp
Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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