Sierra Bancorp (BSRR) Receives $30.67 Average Target Price from Analysts

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Sierra Bancorp (NASDAQ:BSRR) has been given an average recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $30.67.

A number of brokerages have commented on BSRR. Zacks Investment Research raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Sandler O’Neill raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, October 23rd. They noted that the move was a valuation call. Finally, BidaskClub raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th.

Sierra Bancorp stock traded down $0.13 during mid-day trading on Friday, reaching $27.70. The stock had a trading volume of 1,747 shares, compared to its average volume of 46,183. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. Sierra Bancorp has a fifty-two week low of $24.32 and a fifty-two week high of $31.18. The stock has a market capitalization of $424.47 million, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). Sierra Bancorp had a net margin of 21.44% and a return on equity of 11.09%. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $28.75 million. Research analysts forecast that Sierra Bancorp will post 1.97 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.31%. Sierra Bancorp’s payout ratio is 41.29%.

In related news, Director Gordon T. Woods sold 2,500 shares of Sierra Bancorp stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $29.55, for a total transaction of $73,875.00. Following the transaction, the director now owns 22,500 shares of the company’s stock, valued at $664,875. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin J. Mcphaill sold 4,801 shares of Sierra Bancorp stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $29.37, for a total value of $141,005.37. Following the transaction, the chief executive officer now directly owns 12,230 shares in the company, valued at approximately $359,195.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,301 shares of company stock worth $275,320. 10.21% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of Sierra Bancorp by 90.2% during the second quarter. Acadian Asset Management LLC now owns 4,834 shares of the financial services provider’s stock valued at $137,000 after buying an additional 2,292 shares during the last quarter. Bank of Montreal Can lifted its holdings in Sierra Bancorp by 5,069.0% during the third quarter. Bank of Montreal Can now owns 5,169 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 5,069 shares during the period. Citadel Advisors LLC bought a new stake in Sierra Bancorp during the second quarter worth $203,000. Mackay Shields LLC lifted its holdings in Sierra Bancorp by 24.4% during the second quarter. Mackay Shields LLC now owns 11,231 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 2,200 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Sierra Bancorp during the second quarter worth $481,000. 52.19% of the stock is currently owned by institutional investors.

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

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