Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy Sells 5,300 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director Lynda Scearcy sold 5,300 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $41.46, for a total value of $219,738.00. Following the completion of the transaction, the director directly owned 5,839 shares of the company’s stock, valued at approximately $242,084.94. This represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 9th, Lynda Scearcy sold 12,725 shares of Sierra Bancorp stock. The stock was sold at an average price of $41.75, for a total value of $531,268.75.
• On Tuesday, November 3rd, Lynda Scearcy sold 8,010 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.15, for a total value of $337,621.50.
• On Thursday, October 29th, Lynda Scearcy sold 5,850 shares of Sierra Bancorp stock. The stock was sold at an average price of $42.34, for a total value of $247,689.00.

Sierra Bancorp Stock Up 1.2%

Shares of NASDAQ:BSRR opened at $41.92 on Tuesday. The company has a market capitalization of $543.70 million, a PE ratio of 11.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.80. The business has a fifty day moving average price of $40.44 and a two-hundred day moving average price of $38.44. Sierra Bancorp has a 1 year low of $28.35 and a 1 year high of $44.00.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, October 26th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.27. The firm had revenue of $40.08 million for the quarter, compared to analysts’ expectations of $39.23 million. Sierra Bancorp had a return on equity of 13.89% and a net margin of 25.32%. Analysts forecast that Sierra Bancorp will post 3.86 earnings per share for the current year.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Monday, November 2nd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, November 2nd. Sierra Bancorp’s dividend payout ratio is presently 27.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Sierra Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. DA Davidson upped their target price on shares of Sierra Bancorp from $47.00 to $48.50 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Piper Sandler lowered their target price on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Raymond James Financial reissued a “market perform” rating on shares of Sierra Bancorp in a report on Monday, October 26th. Finally, Weiss Ratings raised shares of Sierra Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BSRR. Legal & General Group Plc bought a new stake in Sierra Bancorp during the second quarter worth about $45,000. Ameritas Advisory Services LLC bought a new position in shares of Sierra Bancorp during the 2nd quarter valued at about $94,000. Integrated Wealth Concepts LLC bought a new position in shares of Sierra Bancorp during the 2nd quarter valued at about $94,000. Public Employees Retirement System of Ohio purchased a new position in shares of Sierra Bancorp during the 2nd quarter valued at about $149,000. Finally, Corient Private Wealth LP purchased a new position in shares of Sierra Bancorp during the 2nd quarter valued at about $216,000. Institutional investors own 55.40% of the company’s stock.

Sierra Bancorp Company Profile

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.