Insider Buying: Sierra Bancorp (NASDAQ:BSRR) Director Acquires 500 Shares of Stock

Sierra Bancorp (NASDAQ:BSRR) Director Laurence S. Dutto purchased 500 shares of the company’s stock in a transaction on Friday, January 25th. The stock was acquired at an average price of $26.86 per share, for a total transaction of $13,430.00. Following the completion of the transaction, the director now owns 3,570 shares of the company’s stock, valued at approximately $95,890.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ BSRR opened at $27.25 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market cap of $406.99 million, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.54 and a beta of 0.88. Sierra Bancorp has a one year low of $22.93 and a one year high of $31.18.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). Sierra Bancorp had a net margin of 24.09% and a return on equity of 11.43%. The company had revenue of $29.32 million during the quarter, compared to the consensus estimate of $29.53 million. Research analysts anticipate that Sierra Bancorp will post 2.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, January 31st will be issued a dividend of $0.18 per share. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, January 30th. Sierra Bancorp’s dividend payout ratio (DPR) is presently 37.50%.

A number of large investors have recently added to or reduced their stakes in BSRR. FMR LLC lifted its stake in shares of Sierra Bancorp by 75.6% in the 3rd quarter. FMR LLC now owns 270,094 shares of the financial services provider’s stock valued at $7,805,000 after purchasing an additional 116,309 shares during the period. BlackRock Inc. grew its stake in shares of Sierra Bancorp by 10.2% during the second quarter. BlackRock Inc. now owns 949,033 shares of the financial services provider’s stock valued at $26,801,000 after buying an additional 87,687 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Sierra Bancorp during the third quarter valued at about $1,817,000. Dimensional Fund Advisors LP grew its stake in shares of Sierra Bancorp by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,040,181 shares of the financial services provider’s stock valued at $29,375,000 after buying an additional 37,646 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Sierra Bancorp by 12.7% during the second quarter. Renaissance Technologies LLC now owns 315,900 shares of the financial services provider’s stock valued at $8,921,000 after buying an additional 35,600 shares during the last quarter. 51.51% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on BSRR. Zacks Investment Research lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. BidaskClub upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Hovde Group restated a “buy” rating on shares of Sierra Bancorp in a report on Monday, January 28th. Finally, Sandler O’Neill upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, October 23rd. They noted that the move was a valuation call.

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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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Insider Buying and Selling by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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