Sierra Bancorp (NASDAQ:BSRR) Share Price Passes Above Two Hundred Day Moving Average of $19.64

Sierra Bancorp (NASDAQ:BSRR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.64 and traded as high as $21.43. Sierra Bancorp shares last traded at $21.32, with a volume of 53,546 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. Janney Montgomery Scott upgraded Sierra Bancorp from a “neutral” rating to a “buy” rating and cut their target price for the stock from $24.00 to $23.00 in a research report on Tuesday, April 23rd.

Sierra Bancorp Stock Performance

The stock has a fifty day moving average of $19.08 and a 200-day moving average of $19.64. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $312.34 million, a PE ratio of 8.81 and a beta of 0.91.

Sierra Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.92 dividend on an annualized basis and a yield of 4.32%. Sierra Bancorp’s dividend payout ratio (DPR) is 38.02%.

Institutional Investors Weigh In On Sierra Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Sierra Bancorp during the third quarter worth about $120,000. Private Management Group Inc. boosted its stake in shares of Sierra Bancorp by 4.0% during the 3rd quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider’s stock worth $12,394,000 after purchasing an additional 25,256 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Sierra Bancorp in the 3rd quarter worth approximately $689,000. Assenagon Asset Management S.A. grew its position in shares of Sierra Bancorp by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 52,829 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 1,095 shares during the period. Finally, Bfsg LLC acquired a new stake in Sierra Bancorp in the 4th quarter worth about $122,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.