Today it was reported that a Director at Sierra Bancorp (NASDAQ: BSRR), Lynda Scearcy, exercised options to buy 2,500 BSRR shares at $19.19 a share, for a total transaction value of $47.98K. The options were close to expired and Lynda Scearcy retained stocks.
Following this transaction Lynda Scearcy’s holding in the company was increased by 37.21% to a total of $251K. Following Lynda Scearcy’s last BSRR Buy transaction on September 09, 2011, the stock climbed by 19.5%.
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Based on Sierra Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $31.96 million and quarterly net profit of $7.07 million. In comparison, last year the company earned revenue of $26.02 million and had a net profit of $5.74 million. BSRR’s market cap is $416M and the company has a P/E ratio of 16.21. Currently, Sierra Bancorp has an average volume of 1,528.
The insider sentiment on Sierra Bancorp has been negative according to 16 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Lynda Scearcy’s trades have generated a 49.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Sierra Bancorp is a bank holding company, which through its subsidiary, Bank of Sierra, engages in the provision of retail and commercial banking services. Its lending activities include real estate, commercial, mortgage warehouse, agricultural, and consumer loans.
