Sierra Bancorp (NASDAQ:BSRR) Director Vonn R. Christenson Sells 725 Shares

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) Director Vonn R. Christenson sold 725 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $28.48, for a total transaction of $20,648.00. Following the transaction, the director now owns 189 shares in the company, valued at $5,382.72. This represents a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sierra Bancorp Price Performance

Shares of NASDAQ BSRR traded down $0.51 during mid-day trading on Friday, reaching $28.53. The company had a trading volume of 118,031 shares, compared to its average volume of 36,420. Sierra Bancorp has a 1-year low of $17.70 and a 1-year high of $35.13. The stock has a market cap of $398.39 million, a PE ratio of 10.15 and a beta of 0.89. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $29.80 and a two-hundred day moving average price of $29.77.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%. On average, equities analysts anticipate that Sierra Bancorp will post 2.95 earnings per share for the current year.

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Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. This is an increase from Sierra Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. Sierra Bancorp's payout ratio is currently 35.59%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Sierra Bancorp from $30.00 to $35.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com lowered shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Thursday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State Street Corp increased its stake in shares of Sierra Bancorp by 3.6% in the third quarter. State Street Corp now owns 321,257 shares of the financial services provider's stock worth $9,278,000 after acquiring an additional 11,095 shares during the last quarter. FMR LLC boosted its holdings in shares of Sierra Bancorp by 12.5% during the 3rd quarter. FMR LLC now owns 194,573 shares of the financial services provider's stock worth $5,619,000 after buying an additional 21,558 shares during the period. Foundry Partners LLC grew its stake in Sierra Bancorp by 19.2% in the 3rd quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider's stock valued at $5,111,000 after buying an additional 28,495 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Sierra Bancorp by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 131,761 shares of the financial services provider's stock valued at $3,811,000 after buying an additional 3,767 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Sierra Bancorp by 3.9% in the 4th quarter. American Century Companies Inc. now owns 126,905 shares of the financial services provider's stock worth $3,670,000 after acquiring an additional 4,794 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

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.