Sierra Bancorp (NASDAQ:BSRR) EVP Michael Olague Sells 3,563 Shares

Sierra Bancorp (NASDAQ:BSRR) EVP Michael Olague sold 3,563 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $31.15, for a total value of $110,987.45. Following the transaction, the executive vice president now owns 12,409 shares of the company’s stock, valued at $386,540.35. This trade represents a 22.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sierra Bancorp Stock Down 2.8 %

Shares of BSRR opened at $30.59 on Thursday. The business’s 50 day simple moving average is $29.89 and its 200-day simple moving average is $29.53. Sierra Bancorp has a one year low of $17.69 and a one year high of $35.13. The company has a market capitalization of $440.19 million, a P/E ratio of 10.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%. As a group, sell-side analysts predict that Sierra Bancorp will post 2.95 EPS for the current fiscal year.

Sierra Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.24. Sierra Bancorp’s dividend payout ratio (DPR) is presently 35.59%.

Hedge Funds Weigh In On Sierra Bancorp

A number of institutional investors have recently modified their holdings of BSRR. Financial Management Professionals Inc. bought a new stake in shares of Sierra Bancorp during the third quarter valued at approximately $29,000. SG Americas Securities LLC acquired a new position in Sierra Bancorp during the 3rd quarter worth $142,000. Brandywine Global Investment Management LLC bought a new position in Sierra Bancorp in the 4th quarter valued at $202,000. Franklin Resources Inc. acquired a new stake in shares of Sierra Bancorp in the 3rd quarter valued at $216,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Sierra Bancorp during the fourth quarter worth $385,000. 55.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BSRR. Keefe, Bruyette & Woods increased their price objective on Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 24th.

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.