Shares of Sierra Bancorp (NASDAQ:BSRR) have received a consensus rating of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.00.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday.

Shares of Sierra Bancorp stock traded down $0.64 on Friday, reaching $25.31. 38,561 shares of the stock were exchanged, compared to its average volume of 28,847. Sierra Bancorp has a 1-year low of $22.67 and a 1-year high of $31.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average price of $25.72 and a two-hundred day moving average price of $25.82. The firm has a market capitalization of $388.67 million, a PE ratio of 13.18, a PEG ratio of 1.41 and a beta of 0.92.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Sierra Bancorp had a net margin of 24.91% and a return on equity of 11.71%. The business had revenue of $30.05 million for the quarter, compared to analyst estimates of $30.03 million. Research analysts expect that Sierra Bancorp will post 2.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.19 per share. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, July 31st. Sierra Bancorp’s dividend payout ratio is presently 39.58%.

Institutional investors and hedge funds have recently modified their holdings of the business. D. E. Shaw & Co. Inc. lifted its position in Sierra Bancorp by 7.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 14,626 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 1,048 shares during the last quarter. Marshall Wace LLP acquired a new position in Sierra Bancorp during the 2nd quarter valued at about $253,000. Bank of America Corp DE increased its stake in Sierra Bancorp by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 107,220 shares of the financial services provider’s stock valued at $2,908,000 after buying an additional 2,170 shares during the period. Vanguard Group Inc. increased its stake in Sierra Bancorp by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 582,935 shares of the financial services provider’s stock valued at $15,809,000 after buying an additional 5,672 shares during the period. Finally, BlackRock Inc. increased its stake in Sierra Bancorp by 4.5% during the 2nd quarter. BlackRock Inc. now owns 1,076,203 shares of the financial services provider’s stock valued at $29,185,000 after buying an additional 46,380 shares during the period. Institutional investors own 53.18% of the company’s stock.

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. 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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