Sierra Bancorp (NASDAQ:BSRR) Issues Earnings Results, Meets Expectations

Sierra Bancorp (NASDAQ:BSRR) posted its quarterly earnings results on Monday. The financial services provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72, Zacks reports. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%.

Sierra Bancorp Stock Up 1.0 %

Shares of NASDAQ:BSRR opened at $29.82 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $30.06 and its 200 day moving average is $29.24. The stock has a market cap of $429.10 million, a price-to-earnings ratio of 11.83 and a beta of 0.92. Sierra Bancorp has a 12-month low of $17.69 and a 12-month high of $35.13.

Sierra Bancorp Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.25 dividend. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 3.36%. Sierra Bancorp’s dividend payout ratio is presently 38.10%.

Insider Transactions at Sierra Bancorp

In other news, Director Albert L. Berra sold 2,540 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the completion of the sale, the director now directly owns 150,063 shares of the company’s stock, valued at $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James C. Holly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now owns 313,370 shares in the company, valued at $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,056 shares of company stock valued at $244,741 over the last quarter. 11.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BSRR shares. StockNews.com cut Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Sierra Bancorp Company Profile

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.