Sierra Bancorp (NASDAQ:BSRR) Director Robert L. Fields sold 9,600 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $27.14, for a total value of $260,544.00. Following the transaction, the director now directly owns 412,543 shares of the company’s stock, valued at $11,196,417.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Sierra Bancorp (NASDAQ BSRR) traded down 2.26% during mid-day trading on Friday, hitting $25.04. The company had a trading volume of 36,588 shares. The company has a market capitalization of $346.50 million, a P/E ratio of 18.16 and a beta of 0.86. The firm’s 50-day moving average price is $25.22 and its 200 day moving average price is $26.14. Sierra Bancorp has a one year low of $17.25 and a one year high of $29.50.
Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The business had revenue of $23.20 million for the quarter, compared to analyst estimates of $22.80 million. Analysts predict that Sierra Bancorp will post $1.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a $0.14 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. Sierra Bancorp’s dividend payout ratio is presently 40.88%.
TRADEMARK VIOLATION WARNING: “Robert L. Fields Sells 9,600 Shares of Sierra Bancorp (NASDAQ:BSRR) Stock” was published by Rincon Hill News and is owned by of Rincon Hill News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://rinconhillneighbors.org/2017/08/12/robert-l-fields-sells-9600-shares-of-sierra-bancorp-nasdaqbsrr-stock-updated.html.
A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Sierra Bancorp during the fourth quarter worth approximately $213,000. State Street Corp boosted its position in Sierra Bancorp by 3.0% in the fourth quarter. State Street Corp now owns 202,875 shares of the financial services provider’s stock worth $5,395,000 after buying an additional 5,853 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sierra Bancorp by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 827,845 shares of the financial services provider’s stock worth $22,012,000 after buying an additional 36,403 shares in the last quarter. FMR LLC bought a new position in Sierra Bancorp during the fourth quarter worth approximately $6,293,000. Finally, Teachers Advisors LLC boosted its position in Sierra Bancorp by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock worth $516,000 after buying an additional 1,300 shares in the last quarter. 54.23% of the stock is owned by institutional investors and hedge funds.
BSRR has been the subject of several research reports. ValuEngine raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 target price on shares of Sierra Bancorp in a research report on Friday, July 14th. Raymond James Financial, Inc. raised Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research report on Tuesday, July 25th. BidaskClub cut Sierra Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Sierra Bancorp presently has a consensus rating of “Hold” and an average price target of $27.75.
About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with our FREE daily email newsletter.