Sierra Bancorp (NASDAQ:BSRR) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Sierra Bancorp (NASDAQ:BSRR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.77 and traded as high as $29.08. Sierra Bancorp shares last traded at $29.01, with a volume of 39,098 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BSRR shares. StockNews.com upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Keefe, Bruyette & Woods upped their price target on shares of Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Sierra Bancorp Stock Performance

The stock has a market cap of $417.57 million, a P/E ratio of 11.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50-day simple moving average of $30.50 and a 200-day simple moving average of $28.82.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. The business had revenue of $52.59 million for the quarter, compared to the consensus estimate of $38.30 million. Research analysts forecast that Sierra Bancorp will post 2.79 earnings per share for the current year.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.96 annualized dividend and a yield of 3.31%. Sierra Bancorp’s dividend payout ratio is currently 38.10%.

Insider Buying and Selling at Sierra Bancorp

In related news, Director James C. Holly sold 5,000 shares of Sierra Bancorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now directly owns 313,370 shares in the company, valued at approximately $9,081,462.60. This trade represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Albert L. Berra sold 2,540 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the transaction, the director now directly owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,056 shares of company stock valued at $244,741. Corporate insiders own 11.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in Sierra Bancorp during the third quarter valued at about $29,000. SG Americas Securities LLC bought a new stake in Sierra Bancorp during the 3rd quarter worth approximately $142,000. Franklin Resources Inc. bought a new position in Sierra Bancorp during the third quarter valued at approximately $216,000. Jane Street Group LLC raised its stake in Sierra Bancorp by 9.7% during the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Barclays PLC increased its stake in Sierra Bancorp by 301.7% during the third quarter. Barclays PLC now owns 16,896 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 12,690 shares during the last quarter. 55.40% of the stock is owned by institutional investors.

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.