Sierra Bancorp (NASDAQ:BSRR) Plans $0.23 Dividend

Sierra Bancorp (NASDAQ:BSRR) declared a dividend on Monday, April 22nd, investing.com reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.23 per share by the financial services provider on Monday, May 13th. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, April 29th.

Sierra Bancorp has raised its dividend by an average of 4.8% per year over the last three years. Sierra Bancorp has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sierra Bancorp to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 37.4%.

Sierra Bancorp Price Performance

BSRR stock opened at $18.75 on Monday. The firm has a market cap of $274.69 million, a P/E ratio of 7.94 and a beta of 0.93. Sierra Bancorp has a 52 week low of $15.01 and a 52 week high of $23.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm’s fifty day moving average is $18.70 and its 200 day moving average is $19.52.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.26). The firm had revenue of $50.49 million during the quarter, compared to the consensus estimate of $35.15 million. Sierra Bancorp had a return on equity of 11.03% and a net margin of 18.01%. Research analysts predict that Sierra Bancorp will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On Sierra Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Sierra Bancorp by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 114,779 shares of the financial services provider’s stock valued at $2,868,000 after purchasing an additional 1,248 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Sierra Bancorp by 28.9% during the 1st quarter. American Century Companies Inc. now owns 63,283 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 14,206 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Sierra Bancorp during the 1st quarter valued at about $226,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Sierra Bancorp during the 1st quarter valued at about $240,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Sierra Bancorp by 47.6% during the 1st quarter. MetLife Investment Management LLC now owns 8,620 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 2,779 shares in the last quarter. Institutional investors own 55.40% 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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.