Robert L. Fields Sells 2,465 Shares of Sierra Bancorp (BSRR) Stock

Sierra Bancorp (NASDAQ:BSRR) Director Robert L. Fields sold 2,465 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total transaction of $66,875.45. Following the completion of the sale, the director now owns 410,078 shares of the company’s stock, valued at approximately $11,125,416.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Sierra Bancorp (BSRR) traded down 0.04% on Friday, hitting $25.39. 38,550 shares of the stock traded hands. The firm has a market capitalization of $351.35 million, a PE ratio of 18.41 and a beta of 0.86. Sierra Bancorp has a 52 week low of $17.25 and a 52 week high of $29.50. The firm’s 50 day moving average is $25.46 and its 200 day moving average is $26.06.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $23.20 million for the quarter, compared to analyst estimates of $22.80 million. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. On average, analysts expect that Sierra Bancorp will post $1.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, August 1st. Sierra Bancorp’s dividend payout ratio (DPR) is currently 40.88%.

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A number of hedge funds have recently bought and sold shares of BSRR. Dimensional Fund Advisors LP raised its stake in Sierra Bancorp by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 905,877 shares of the financial services provider’s stock valued at $22,239,000 after buying an additional 29,524 shares during the period. Wellington Management Group LLP raised its stake in Sierra Bancorp by 143.4% in the first quarter. Wellington Management Group LLP now owns 758,673 shares of the financial services provider’s stock valued at $20,811,000 after buying an additional 446,962 shares during the period. Vanguard Group Inc. raised its stake in Sierra Bancorp by 9.7% in the second quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock valued at $12,274,000 after buying an additional 44,242 shares during the period. Northern Trust Corp raised its stake in Sierra Bancorp by 4.3% in the second quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock valued at $10,763,000 after buying an additional 18,165 shares during the period. Finally, FMR LLC raised its stake in Sierra Bancorp by 64.3% in the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock valued at $10,667,000 after buying an additional 152,200 shares during the period. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on BSRR. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Hovde Group increased their price target on shares of Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Raymond James Financial, Inc. upgraded shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 price target on shares of Sierra Bancorp in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.75.

About Sierra Bancorp

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

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