Sierra Bancorp (NASDAQ:BSRR) Declares Quarterly Dividend of $0.26
by Scott Moore · The Cerbat GemSierra Bancorp (NASDAQ:BSRR – Get Free Report) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Monday, May 4th will be given a dividend of 0.26 per share by the financial services provider on Monday, May 11th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, May 4th.
Sierra Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Sierra Bancorp has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sierra Bancorp to earn $3.78 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 27.5%.
Sierra Bancorp Price Performance
BSRR stock traded up $0.21 during trading on Friday, reaching $36.27. 64,373 shares of the company were exchanged, compared to its average volume of 62,231. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average price is $35.04 and its 200 day moving average price is $33.03. Sierra Bancorp has a 52-week low of $24.06 and a 52-week high of $38.60. The company has a market cap of $474.77 million, a P/E ratio of 11.63 and a beta of 0.77.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $40.35 million during the quarter, compared to the consensus estimate of $40.04 million. Sierra Bancorp had a net margin of 20.96% and a return on equity of 11.82%. As a group, analysts predict that Sierra Bancorp will post 3.56 earnings per share for the current fiscal year.
About Sierra Bancorp
Sierra Bancorp (NASDAQ: BSRR) is a bank holding company headquartered in Porterville, California. The company operates through its banking subsidiary, offering a full suite of financial services to individual and commercial clients. With a community-focused approach, Sierra Bancorp emphasizes relationship banking and local market expertise.
Its core business activities include deposit-taking and lending. On the deposit side, Sierra Bancorp provides checking, savings, money market and certificate of deposit accounts.