Insider Selling: Sierra Bancorp (NASDAQ:BSRR) Director Sells $531,268.75 in Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 12,725 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 3,548 shares in the company, valued at approximately $148,129. This represents a 78.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 6th, Lynda Scearcy sold 5,300 shares of Sierra Bancorp stock. The stock was sold at an average price of $41.46, for a total value 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 value of $247,689.00.

Sierra Bancorp Price Performance

NASDAQ:BSRR opened at $42.02 on Thursday. The firm’s fifty day moving average price is $40.54 and its two-hundred day moving average price is $38.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $545.00 million, a P/E ratio of 10.86 and a beta of 0.75. Sierra Bancorp has a one year low of $28.35 and a one year high of $44.00.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data 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. The firm had revenue of $40.08 million during the quarter, compared to the consensus estimate of $39.23 million. Sierra Bancorp had a net margin of 25.32% and a return on equity of 13.89%. Equities analysts expect that Sierra Bancorp will post 3.86 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, November 2nd. Sierra Bancorp’s dividend payout ratio (DPR) is currently 27.84%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BSRR. Legal & General Group Plc acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at approximately $45,000. Ameritas Advisory Services LLC bought a new position in Sierra Bancorp in the 2nd quarter valued at approximately $94,000. Integrated Wealth Concepts LLC acquired a new stake in Sierra Bancorp in the second quarter valued at approximately $94,000. Public Employees Retirement System of Ohio acquired a new stake in Sierra Bancorp in the second quarter valued at approximately $149,000. Finally, Corient Private Wealth LP acquired a new stake in Sierra Bancorp in the second quarter valued at approximately $216,000. Institutional investors own 55.40% of the company’s stock.

About Sierra Bancorp

Sierra Bancorp is a bank holding company headquartered in Porterville, California, and the parent company of Bank of the Sierra. Through its community banking subsidiary, it serves individuals, businesses and agricultural customers, primarily in California’s Central Valley and surrounding communities. Bank of the Sierra offers deposit accounts and lending services, including commercial, real estate, agricultural and consumer loans. Its services also include online and mobile banking, cash management and other banking solutions for businesses and households.