Sierra Bancorp (NASDAQ:BSRR) has been given an average rating of “Buy” by the five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $29.50.
Several research analysts have recently commented on the company. BidaskClub raised Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine raised Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Finally, Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Wednesday, April 24th.
In other news, EVP Michael Olague acquired 15,000 shares of Sierra Bancorp stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $26.89 per share, with a total value of $403,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have acquired 36,106 shares of company stock worth $980,745. Company insiders own 10.34% of the company’s stock.
A number of large investors have recently bought and sold shares of BSRR. Macquarie Group Ltd. lifted its holdings in Sierra Bancorp by 270.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,233 shares of the financial services provider’s stock worth $30,000 after buying an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Sierra Bancorp by 508.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,953 shares of the financial services provider’s stock worth $72,000 after buying an additional 2,468 shares in the last quarter. Citigroup Inc. lifted its holdings in Sierra Bancorp by 18.1% during the 4th quarter. Citigroup Inc. now owns 4,468 shares of the financial services provider’s stock worth $107,000 after buying an additional 685 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Sierra Bancorp by 413.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,635 shares of the financial services provider’s stock worth $111,000 after buying an additional 3,733 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Sierra Bancorp by 71.9% during the 4th quarter. Acadian Asset Management LLC now owns 8,311 shares of the financial services provider’s stock worth $199,000 after buying an additional 3,477 shares in the last quarter. 52.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BSRR opened at $27.00 on Thursday. The company has a market capitalization of $416.62 million, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 0.82. Sierra Bancorp has a one year low of $22.67 and a one year high of $31.18.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, April 22nd. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. The business had revenue of $29.88 million for the quarter, compared to the consensus estimate of $29.50 million. Sierra Bancorp had a return on equity of 12.00% and a net margin of 24.90%. On average, sell-side analysts expect that Sierra Bancorp will post 2.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.67%. The ex-dividend date is Wednesday, May 1st. Sierra Bancorp’s dividend payout ratio is 37.50%.
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. 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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