Sierra Bancorp(NASDAQ:BSRR) Declares Dividend of $0.1200.

Sierra Bancorp (NASDAQ:BSRR) had declared a cash dividend of $0.1200 on Jul 22, 2016. The shares will quote ex-dividend on Aug 2, 2016 and the record date has been fixed for Aug 4, 2016. On Jul 22, 2016 share price, the yield comes out to be 2.7586%. The dividend payable date has been fixed on Aug 18, 2016.

In a different note, Hovde Group said it Initiates Coverage on Sierra Bancorp, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Outperform’ by the firm. DA Davidson said it Initiates Coverage on Sierra Bancorp, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Neutral’ by the firm.

Sierra Bancorp (BSRR) made into the market gainers list on Thursdays trading session with the shares advancing 0.34% or 0.06 points. Due to strong positive momentum, the stock ended at $17.76, which is also near the day’s high of $17.76. The stock began the session at $17.72 and the volume stood at 31,938 shares. The 52-week high of the shares is $21.7 and the 52 week low is $15.5. The company has a current market capitalization of $236 M and it has 1,32,78,288 shares in outstanding.

Sierra Bancorp(BSRR) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $19.61M. Analysts had an estimated revenue of $20.18M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Gordon T Woods (director) sold 5,000 shares at $17.16 per share price.Also, On Apr 5, 2016, Michael Olague (EVP/Chief Banking Officer) sold 3,692 shares at $17.36 per share price.

Sierra Bancorp is a bank holding company. The Company operates through its principal subsidiary Bank of the Sierra (the Bank). The Bank is a state-chartered bank that offers a range of retail and commercial banking services to communities in the central and southern sections of the San Joaquin Valley. The Bank operates 28 full service branch offices throughout its geographic footprint as well as an Internet branch which provides the ability to open deposit accounts online. The Bank maintains a diversified loan portfolio consisting of agricultural commercial consumer real estate construction and mortgage loans. It offer a range of deposit products for individuals and businesses including checking accounts savings accounts money market demand accounts time deposits retirement accounts and sweep accounts. The Company’s direct subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III.

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