Sierra Bancorp (BSRR) Given Consensus Recommendation of “Hold” by Brokerages

Sierra Bancorp (NASDAQ:BSRR) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $27.25.

A number of research firms have commented on BSRR. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Friday, September 15th. ValuEngine downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Hovde Group raised their target price on Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a report on Friday, July 28th. DA Davidson downgraded Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Finally, BidaskClub raised Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd.

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In other news, Director Robb Evans purchased 1,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $26.00 per share, with a total value of $26,000.00. Following the purchase, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $416,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.24% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Sierra Bancorp by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after buying an additional 196 shares during the last quarter. American International Group Inc. raised its stake in shares of Sierra Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after buying an additional 478 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Sierra Bancorp by 12.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after buying an additional 800 shares during the last quarter. Strs Ohio raised its stake in shares of Sierra Bancorp by 6.2% during the 2nd quarter. Strs Ohio now owns 25,800 shares of the financial services provider’s stock worth $633,000 after buying an additional 1,500 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Sierra Bancorp by 9.8% during the 2nd quarter. Teachers Advisors LLC now owns 20,932 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,862 shares during the last quarter. 53.43% of the stock is owned by institutional investors and hedge funds.

Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $25.99 on Friday. Sierra Bancorp has a fifty-two week low of $20.00 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $390.21, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.80.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, October 23rd. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Sierra Bancorp had a return on equity of 9.87% and a net margin of 21.59%. The company had revenue of $24.35 million during the quarter, compared to the consensus estimate of $23.90 million. equities research analysts expect that Sierra Bancorp will post 1.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio (DPR) is presently 37.33%.

Sierra Bancorp Company Profile

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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