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

Sierra Bancorp (NASDAQ:BSRR) announced its earnings results on Monday. The financial services provider reported $0.72 earnings per share (EPS) 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 Performance

Shares of NASDAQ:BSRR traded up $0.35 on Monday, hitting $30.10. 4,916 shares of the company were exchanged, compared to its average volume of 42,105. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The company’s 50 day moving average price is $30.06 and its two-hundred day moving average price is $29.24. Sierra Bancorp has a one year low of $17.69 and a one year high of $35.13. The firm has a market capitalization of $433.14 million, a price-to-earnings ratio of 11.94 and a beta of 0.92.

Sierra Bancorp Dividend Announcement

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

Insider Activity at Sierra Bancorp

In other news, Director Albert L. Berra sold 2,540 shares of the business’s 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 sale, the director now owns 150,063 shares in the company, valued at approximately $4,838,031.12. The trade was a 1.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Holly sold 5,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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 of the company’s stock, valued at $9,081,462.60. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,056 shares of company stock worth $244,741 over the last three months. Company insiders own 11.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BSRR. StockNews.com lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods lifted 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.

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.