The Sierra Bancorp (BSRR) to Issue Quarterly Dividend of $0.12 on November 17th

The Sierra Bancorp (BSRR) to Issue Quarterly Dividend of $0.12 on  November 17th

Sierra Bancorp (NASDAQ:BSRR) announced a quarterly dividend on Friday, October 21st. Stockholders of record on Thursday, November 3rd will be given a dividend of 0.12 per share by the financial services provider on Thursday, November 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, November 1st.

Shares of Sierra Bancorp (NASDAQ:BSRR) opened at 17.84 on Monday. The company has a market capitalization of $246.00 million, a PE ratio of 13.83 and a beta of 0.87. The stock’s 50 day moving average price is $18.40 and its 200 day moving average price is $17.70. Sierra Bancorp has a 12-month low of $15.60 and a 12-month high of $21.70.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 24th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.04. Sierra Bancorp had a return on equity of 8.96% and a net margin of 20.59%. On average, equities research analysts forecast that Sierra Bancorp will post $1.24 earnings per share for the current year.

In other Sierra Bancorp news, Director Robert L. Fields sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $18.22, for a total value of $637,700.00. Following the completion of the transaction, the director now owns 423,663 shares in the company, valued at approximately $7,719,139.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.24% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC boosted its stake in Sierra Bancorp by 81.4% in the second quarter. Maltese Capital Management LLC now owns 264,000 shares of the financial services provider’s stock valued at $4,406,000 after buying an additional 118,500 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Sierra Bancorp by 15.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 400,441 shares of the financial services provider’s stock valued at $6,683,000 after buying an additional 53,970 shares during the last quarter. Banc Funds Co. LLC boosted its stake in Sierra Bancorp by 9.7% in the second quarter. Banc Funds Co. LLC now owns 538,527 shares of the financial services provider’s stock valued at $8,988,000 after buying an additional 47,792 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sierra Bancorp by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 779,723 shares of the financial services provider’s stock valued at $13,014,000 after buying an additional 43,688 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Sierra Bancorp during the second quarter valued at $461,000. Institutional investors and hedge funds own 49.31% of the company’s stock.

Separately, Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.60.

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