Sierra Bancorp (NASDAQ:BSRR) Share Price Crosses Above 200 Day Moving Average of $26.92

Sierra Bancorp (NASDAQ:BSRR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.92 and traded as high as $27.20. Sierra Bancorp shares last traded at $27.06, with a volume of 37,820 shares trading hands.

BSRR has been the topic of a number of analyst reports. BidaskClub cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Zacks Investment Research cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler started coverage on shares of Sierra Bancorp in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.33.

The firm has a market cap of $417.18 million, a PE ratio of 11.61 and a beta of 0.92. 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 firm’s 50 day simple moving average is $27.97 and its 200 day simple moving average is $26.93.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.67 million for the quarter, compared to analysts’ expectations of $29.80 million. Sierra Bancorp had a net margin of 26.75% and a return on equity of 12.20%. As a group, equities research analysts predict that Sierra Bancorp will post 2.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, January 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.80 annualized dividend and a yield of 2.96%. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.19. Sierra Bancorp’s payout ratio is presently 34.33%.

In other Sierra Bancorp news, EVP Kenneth Taylor sold 5,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $28.39, for a total value of $141,950.00. Following the sale, the executive vice president now owns 38,000 shares in the company, valued at approximately $1,078,820. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.34% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in BSRR. Cooper Creek Partners Management LLC purchased a new stake in Sierra Bancorp in the 4th quarter worth $3,297,000. State Street Corp increased its holdings in shares of Sierra Bancorp by 12.7% in the 4th quarter. State Street Corp now owns 298,347 shares of the financial services provider’s stock worth $8,688,000 after buying an additional 33,633 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Sierra Bancorp by 30.5% in the 4th quarter. Bank of New York Mellon Corp now owns 133,313 shares of the financial services provider’s stock worth $3,883,000 after buying an additional 31,131 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Sierra Bancorp by 8.0% in the 4th quarter. Renaissance Technologies LLC now owns 420,831 shares of the financial services provider’s stock worth $12,255,000 after buying an additional 31,000 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Sierra Bancorp by 2,290.1% in the 4th quarter. Bank of Montreal Can now owns 29,613 shares of the financial services provider’s stock worth $862,000 after buying an additional 28,374 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Sierra Bancorp Company Profile (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.

Featured Story: Stock Symbol

Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.