Sierra Bancorp to Issue Quarterly Dividend of $0.19 (NASDAQ:BSRR)

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Sierra Bancorp (NASDAQ:BSRR) declared a quarterly dividend on Friday, October 18th, Zacks reports. Investors of record on Thursday, October 31st will be given a dividend of 0.19 per share by the financial services provider on Thursday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, October 30th.

NASDAQ:BSRR opened at $27.20 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. Sierra Bancorp has a one year low of $22.67 and a one year high of $28.92. The business’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $25.84. The stock has a market cap of $413.21 million, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.02. Sierra Bancorp had a return on equity of 12.15% and a net margin of 25.98%. The business had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $29.82 million. On average, equities research analysts predict that Sierra Bancorp will post 2.22 EPS for the current year.

In other Sierra Bancorp news, Director James C. Holly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $26.81, for a total transaction of $134,050.00. Following the sale, the director now owns 381,476 shares in the company, valued at $10,227,371.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.34% of the company’s stock.

Several research firms recently commented on BSRR. Zacks Investment Research upgraded Sierra Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. BidaskClub upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Raymond James cut their price objective on Sierra Bancorp from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Sierra Bancorp currently has an average rating of “Buy” and an average target price of $28.50.

About Sierra Bancorp

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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Dividend History for Sierra Bancorp (NASDAQ:BSRR)

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