Sierra Bancorp (NASDAQ:BSRR – Get Free Report) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.24 per share by the financial services provider on Tuesday, November 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, October 31st.
Sierra Bancorp has increased its dividend payment by an average of 4.8% annually over the last three years. Sierra Bancorp has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sierra Bancorp to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 36.4%.
Sierra Bancorp Price Performance
Shares of NASDAQ:BSRR opened at $28.89 on Wednesday. The firm has a market cap of $421.68 million, a price-to-earnings ratio of 11.94 and a beta of 0.89. The firm has a fifty day moving average price of $28.91 and a 200 day moving average price of $25.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 0.76. Sierra Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $31.85.
Analyst Upgrades and Downgrades
BSRR has been the subject of a number of recent research reports. StockNews.com cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price target on Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd.
Read Our Latest Stock Report on Sierra Bancorp
Insider Buying and Selling
In other Sierra Bancorp news, EVP Michael Olague sold 3,098 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $27.70, for a total transaction of $85,814.60. Following the transaction, the executive vice president now owns 12,409 shares in the company, valued at $343,729.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.86% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Sierra Bancorp
- What Are Some of the Best Large-Cap Stocks to Buy?
- 3 ETFs With Low Fees and Market-Beating Returns
- When to Sell a Stock for Profit or Loss
- Inflation Threats Make Yield Curve ETFs a Top Trade
- Quiet Period Expirations Explained
- Double-Digit Gains Ahead? Top 2 Stocks Positioned to Outperform
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.