Sierra Bancorp (NASDAQ:BSRR) is expected to pay $0.12 on Nov 17, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Sierra Bancorp’s current price of $17.84, the dividend is 0.67%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 25, 2016. The stock decreased 1.98% or $0.36 on October 28, hitting $17.84. Sierra Bancorp (NASDAQ:BSRR) has declined 0.06% since March 29, 2016 and is downtrending. It has underperformed by 3.53% the S&P500.
Sierra Bancorp is a bank holding company for Bank of the Sierra . The company has a market cap of $241.14 million. The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. It has a 13.83 P/E ratio. The Bank’s services and products are related to the business of lending money and accepting deposits.
Insitutional Activity: The institutional sentiment decreased to 1.88 in 2016 Q2. Its down 0.08, from 1.96 in 2016Q1. The ratio turned negative, as 8 funds sold all Sierra Bancorp shares owned while 17 reduced positions. 11 funds bought stakes while 36 increased positions. They now own 6.78 million shares or 1.12% more from 6.70 million shares in 2016Q1.
Metropolitan Life Insur Ny, a New York-based fund reported 8,712 shares. Rhumbline Advisers holds 14,615 shares or 0% of its portfolio. Invesco accumulated 12,590 shares or 0% of the stock. Moreover, Federated Pa has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 5,503 shares. Teachers Advisors holds 18,124 shares or 0% of its portfolio. Legal & General Grp Public Ltd Co owns 1,832 shares or 0% of their US portfolio. Tiaa Cref Inv Management Ltd Liability, a New York-based fund reported 50,082 shares. Strs Ohio holds 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 35,200 shares. Schwab Charles Invest holds 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 43,273 shares. Blackrock Japan Com Ltd has 0% invested in the company for 405 shares. Moreover, California Employees Retirement System has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 50,338 shares. Moreover, Blackrock Grp has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 13,119 shares. Bank Of New York Mellon Corp accumulated 79,077 shares or 0% of the stock. Cornercap Investment Counsel holds 0.1% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 31,320 shares. The California-based Blackrock Fund Advsrs has invested 0% in Sierra Bancorp (NASDAQ:BSRR).
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 2 insider sales for $723,500 net activity. On Wednesday, May 11 the insider WOODS GORDON T sold $85,800. FIELDS ROBERT L also sold $637,700 worth of Sierra Bancorp (NASDAQ:BSRR) shares.
Sierra Bancorp (NASDAQ:BSRR) Ratings Coverage
Out of 7 analysts covering Sierra Bancorp (NASDAQ:BSRR), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $20 is the highest target while $18 is the lowest. The $19 average target is 6.50% above today’s ($17.84) stock price. Sierra Bancorp has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Sierra Bancorp (NASDAQ:BSRR) earned “Neutral” rating by DA Davidson on Thursday, June 9. The stock of Sierra Bancorp (NASDAQ:BSRR) has “Outperform” rating given on Thursday, January 7 by Raymond James. The rating was maintained by Keefe Bruyette & Woods on Wednesday, January 6 with “Market Perform”. Hovde Group initiated Sierra Bancorp (NASDAQ:BSRR) on Friday, June 10 with “Outperform” rating. Zacks upgraded Sierra Bancorp (NASDAQ:BSRR) on Monday, September 21 to “Buy” rating. Raymond James downgraded the shares of BSRR in a report on Thursday, December 17 to “Mkt Perform” rating.
More recent Sierra Bancorp (NASDAQ:BSRR) news were published by: Prnewswire.com which released: “Sierra Bancorp Reports Earnings” on October 24, 2016. Also Prnewswire.com published the news titled: “Sierra Bancorp Announces Agreement to Acquire Coast Bancorp of San Luis Obispo …” on January 05, 2016. Reuters.com‘s news article titled: “BRIEF-Sierra bancorp reports qtrly diluted earnings per share $0.28” with publication date: October 24, 2016 was also an interesting one.
BSRR Company Profile
Sierra Bancorp, incorporated on November 16, 2000, is a bank holding firm 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 services and products are related to the business of lending money and accepting deposits. The Bank operates approximately 30 branch offices, an online branch, a real estate industries group, an agricultural credit division, a Small Business Administration (SBA) lending unit and a loan production office. The Company’s clients have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network. The Company’s Internet branch provides the ability to open deposit accounts online; an online banking option with bill-pay and mobile banking capabilities, including mobile check deposit; a customer service center that is accessible by toll-free telephone during business hours, and an automated telephone banking system. It offers a range of other banking services and products to complement and support its lending and deposit products, including remote deposit capture and automated payroll services for business customers. The Company’s other direct subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III, which are engaged in facilitating the issuance of capital trust pass-through securities.
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