Sierra Bancorp (NASDAQ:BSRR) Issues Quarterly Earnings Results

Sierra Bancorp (NASDAQ:BSRR) posted its quarterly earnings data on Monday. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01, Yahoo Finance reports. The company had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million. Sierra Bancorp had a net margin of 17.77% and a return on equity of 10.66%.

Sierra Bancorp Stock Up 1.0 %

Shares of Sierra Bancorp stock opened at $27.99 on Wednesday. The business has a fifty day simple moving average of $28.85 and a 200 day simple moving average of $24.75. The stock has a market cap of $408.54 million, a PE ratio of 11.57 and a beta of 0.89. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 12 month low of $16.75 and a 12 month high of $31.85.

Sierra Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $0.24 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 annualized dividend and a yield of 3.43%. Sierra Bancorp’s dividend payout ratio is currently 39.67%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BSRR. Keefe, Bruyette & Woods lifted their price objective on Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd. StockNews.com raised Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday.

Insider Buying and Selling at Sierra Bancorp

In other news, EVP Michael Olague sold 14,088 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $30.95, for a total transaction of $436,023.60. Following the completion of the transaction, the executive vice president now directly owns 17,265 shares in the company, valued at approximately $534,351.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Kevin J. Mcphaill sold 6,285 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $29.87, for a total value of $187,732.95. Following the completion of the transaction, the chief executive officer now owns 20,699 shares of the company’s stock, valued at $618,279.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Olague sold 14,088 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $30.95, for a total transaction of $436,023.60. Following the completion of the sale, the executive vice president now owns 17,265 shares of the company’s stock, valued at approximately $534,351.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,366 shares of company stock valued at $1,370,158. 11.86% of the stock is currently owned by company insiders.

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.