Sierra Bancorp (NASDAQ:BSRR) Stock Price Passes Above 200-Day Moving Average of $26.10

Sierra Bancorp (NASDAQ:BSRR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.10 and traded as high as $27.06. Sierra Bancorp shares last traded at $27.06, with a volume of 422 shares.

BSRR has been the topic of several recent research reports. BidaskClub lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Raymond James reduced their price target on Sierra Bancorp from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. ValuEngine raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Zacks Investment Research raised Sierra Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.50.

The firm has a 50-day moving average of $26.95 and a 200 day moving average of $26.11. The stock has a market capitalization of $417.18 million, a price-to-earnings ratio of 14.07 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $29.82 million. Sierra Bancorp had a return on equity of 11.95% and a net margin of 25.98%. As a group, research analysts forecast that Sierra Bancorp will post 2.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.81%. The ex-dividend date was Wednesday, October 30th. Sierra Bancorp’s dividend payout ratio (DPR) is presently 39.58%.

In other Sierra Bancorp news, Director James C. Holly sold 5,000 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $26.81, for a total transaction of $134,050.00. Following the sale, the director now directly owns 381,476 shares in the company, valued at approximately $10,227,371.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James F. Gardunio sold 3,162 shares of Sierra Bancorp stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $27.77, for a total value of $87,808.74. Following the sale, the executive vice president now owns 838 shares in the company, valued at $23,271.26. The disclosure for this sale can be found here. 10.34% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of BSRR. Marshall Wace LLP purchased a new stake in Sierra Bancorp during the 2nd quarter worth approximately $253,000. Gradient Investments LLC purchased a new stake in Sierra Bancorp during the 2nd quarter worth approximately $271,000. Pacific Wealth Strategies Group Inc. increased its holdings in Sierra Bancorp by 14.2% during the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 10,031 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,250 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Sierra Bancorp during the 2nd quarter worth approximately $338,000. Finally, H D Vest Advisory Services purchased a new stake in Sierra Bancorp during the 2nd quarter worth approximately $345,000. Institutional investors own 55.35% of the company’s stock.

About Sierra Bancorp (NASDAQ:BSRR)

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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