Sierra Bancorp (BSRR) to Issue Quarterly Dividend of $0.27 on August 10th

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, July 24th. Investors of record on Monday, August 3rd will be paid a dividend of 0.27 per share by the financial services provider on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 3rd. This is a 3.8% increase from Sierra Bancorp’s previous quarterly dividend of $0.26.

Sierra Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Sierra Bancorp has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Sierra Bancorp to earn $3.88 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.8%.

Sierra Bancorp Stock Up 0.4%

Shares of BSRR opened at $41.88 on Friday. Sierra Bancorp has a 12 month low of $26.49 and a 12 month high of $43.13. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $547.79 million, a PE ratio of 12.21 and a beta of 0.76. The stock’s 50-day moving average price is $40.00 and its two-hundred day moving average price is $37.03.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.82 by $0.14. Sierra Bancorp had a return on equity of 12.67% and a net margin of 22.53%.The business had revenue of $38.66 million for the quarter, compared to analysts’ expectations of $39.68 million. On average, analysts anticipate that Sierra Bancorp will post 3.73 EPS for the current year.

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.