Short Interest in Sierra Bancorp (NASDAQ:BSRR) Drops By 11.9%
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 63,400 shares, a decrease of 11.9% from the November 15th total of 72,000 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is presently 2.7 days.
Sierra Bancorp Stock Up 0.4 %
Shares of NASDAQ:BSRR traded up $0.08 during trading on Friday, hitting $22.13. The company’s stock had a trading volume of 107,905 shares, compared to its average volume of 35,479. The company has a market capitalization of $325.36 million, a PE ratio of 9.22 and a beta of 0.97. Sierra Bancorp has a fifty-two week low of $15.01 and a fifty-two week high of $22.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day moving average price is $18.89 and its two-hundred day moving average price is $18.93.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last posted its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Sierra Bancorp had a return on equity of 11.61% and a net margin of 19.15%. The company had revenue of $50.15 million for the quarter, compared to the consensus estimate of $35.83 million. As a group, sell-side analysts expect that Sierra Bancorp will post 2.55 EPS for the current year.
Sierra Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.16%. The ex-dividend date was Monday, October 30th. Sierra Bancorp’s dividend payout ratio is currently 38.33%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Sierra Bancorp in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Sierra Bancorp currently has an average rating of “Hold” and an average target price of $22.33.
Get Our Latest Stock Report on BSRR
Institutional Investors Weigh In On Sierra Bancorp
A number of institutional investors have recently modified their holdings of BSRR. Lazard Asset Management LLC bought a new stake in Sierra Bancorp in the third quarter valued at about $39,000. BNP Paribas Arbitrage SNC raised its position in shares of Sierra Bancorp by 54.3% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 2,850 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,003 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Sierra Bancorp by 276.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,991 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,197 shares in the last quarter. Citigroup Inc. lifted its stake in Sierra Bancorp by 414,000.0% during the second quarter. Citigroup Inc. now owns 4,141 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 4,140 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Sierra Bancorp by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,389 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,103 shares during the period. Institutional investors and hedge funds own 55.51% of the company’s stock.
About Sierra Bancorp (Get Free Report)
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.
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Original: MarketBeat News Feed: Short Interest in Sierra Bancorp (NASDAQ:BSRR) Drops By 11.9%