News coverage about Sierra Bancorp (NASDAQ:BSRR) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sierra Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.2448612963659 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Sierra Bancorp (BSRR) traded up 0.95% on Wednesday, reaching $27.60. 14,612 shares of the company traded hands. The stock has a market capitalization of $381.93 million, a P/E ratio of 20.01 and a beta of 0.86. The stock’s 50 day moving average price is $26.18 and its 200-day moving average price is $25.63. Sierra Bancorp has a one year low of $17.25 and a one year high of $29.50.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.80 million. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. Equities analysts forecast that Sierra Bancorp will post $1.52 earnings per share for the current fiscal year.
Several brokerages have issued reports on BSRR. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Monday, September 25th. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub upgraded shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Hovde Group upped their price target on shares of Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Sierra Bancorp has a consensus rating of “Hold” and an average price target of $28.15.
In other news, Director Robert L. Fields sold 2,465 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total value of $66,875.45. Following the sale, the director now directly owns 410,078 shares of the company’s stock, valued at approximately $11,125,416.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Fields sold 9,600 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.14, for a total transaction of $260,544.00. Following the completion of the sale, the director now directly owns 412,543 shares in the company, valued at $11,196,417.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,165 shares of company stock worth $330,119. Insiders own 15.24% of the company’s stock.
About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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