Sierra Bancorp (NASDAQ:BSRR) Plans Dividend of $0.25

Sierra Bancorp (NASDAQ:BSRR) declared a dividend on Monday, January 27th,investing.com reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a yield of 3.36%. The ex-dividend date of this dividend is Friday, January 31st.

Sierra Bancorp has increased its dividend payment by an average of 3.0% per year over the last three years. Sierra Bancorp has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sierra Bancorp to earn $2.81 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 35.6%.

Sierra Bancorp Stock Performance

BSRR opened at $29.75 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day simple moving average is $30.06 and its 200 day simple moving average is $29.24. The firm has a market capitalization of $428.10 million, a PE ratio of 11.81 and a beta of 0.92. Sierra Bancorp has a 52-week low of $17.69 and a 52-week high of $35.13.

Wall Street Analysts Forecast Growth

BSRR has been the topic of several recent research reports. StockNews.com cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price target on Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Insider Transactions at Sierra Bancorp

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

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.