Sierra Bancorp (NASDAQ:BSRR) Director Michele M. Gil Acquires 2,000 Shares

Sierra Bancorp (NASDAQ:BSRRGet Rating) Director Michele M. Gil acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average price of $21.36 per share, with a total value of $42,720.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $42,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sierra Bancorp Price Performance

NASDAQ BSRR opened at $21.39 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.67 and a quick ratio of 0.67. Sierra Bancorp has a 1-year low of $19.62 and a 1-year high of $28.92. The stock has a market capitalization of $322.75 million, a price-to-earnings ratio of 8.95 and a beta of 1.00. The business’s fifty day moving average price is $21.00 and its 200-day moving average price is $21.43.

Sierra Bancorp (NASDAQ:BSRRGet Rating) last posted its earnings results on Monday, October 24th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Sierra Bancorp had a net margin of 25.06% and a return on equity of 11.28%. On average, equities analysts predict that Sierra Bancorp will post 2.44 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were given a dividend of $0.23 per share. The ex-dividend date was Friday, October 28th. This represents a $0.92 annualized dividend and a yield of 4.30%. Sierra Bancorp’s dividend payout ratio (DPR) is 38.49%.

Analysts Set New Price Targets

A number of analysts have commented on BSRR shares. Piper Sandler reduced their target price on Sierra Bancorp to $21.50 in a report on Friday, September 30th. StockNews.com downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Finally, Keefe, Bruyette & Woods cut shares of Sierra Bancorp from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $26.00 to $24.00 in a research note on Monday, November 14th.

Institutional Trading of Sierra Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Sierra Bancorp by 182.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 78,982 shares of the financial services provider’s stock worth $1,717,000 after acquiring an additional 51,044 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Sierra Bancorp by 6.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 336,022 shares of the financial services provider’s stock valued at $6,636,000 after acquiring an additional 21,565 shares during the period. Private Management Group Inc. increased its holdings in Sierra Bancorp by 3.0% in the 3rd quarter. Private Management Group Inc. now owns 543,110 shares of the financial services provider’s stock worth $10,726,000 after acquiring an additional 16,027 shares in the last quarter. American Century Companies Inc. raised its stake in Sierra Bancorp by 28.9% during the 1st quarter. American Century Companies Inc. now owns 63,283 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 14,206 shares during the period. Finally, Arvest Trust Co. N A purchased a new position in Sierra Bancorp during the first quarter valued at approximately $341,000. 53.49% of the stock is owned by hedge funds and other institutional investors.

Sierra Bancorp Company Profile

(Get Rating)

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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

Further Reading

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