Sierra Bancorp (NASDAQ:BSRR) Director Albert L. Berra Sells 2,540 Shares

Sierra Bancorp (NASDAQ:BSRR) Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.24, for a total transaction of $81,889.60. Following the transaction, the director now owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. The trade was a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sierra Bancorp Stock Performance

Shares of BSRR stock opened at $31.52 on Friday. The firm has a market capitalization of $453.57 million, a price-to-earnings ratio of 12.51 and a beta of 0.89. The company has a 50 day moving average price of $29.29 and a 200 day moving average price of $26.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. Sierra Bancorp has a one year low of $17.69 and a one year high of $35.13.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $52.59 million for the quarter, compared to analysts’ expectations of $38.30 million. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. Sell-side analysts anticipate that Sierra Bancorp will post 2.79 EPS for the current year.

Sierra Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $0.24 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.96 annualized dividend and a yield of 3.05%. Sierra Bancorp’s dividend payout ratio is presently 38.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of Sierra Bancorp in the third quarter valued at approximately $29,000. Lazard Asset Management LLC increased its position in Sierra Bancorp by 45.7% in the 1st quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 957 shares during the period. Acadian Asset Management LLC bought a new stake in Sierra Bancorp during the 1st quarter valued at $94,000. SG Americas Securities LLC bought a new position in shares of Sierra Bancorp in the third quarter worth $142,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of Sierra Bancorp by 8.2% during the second quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 904 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd.

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.