There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on January 25, Sierra Bancorp's Director, Laurence S. Dutto, invested $13,430.00 into 500 shares of BSRR, for a cost per share of $26.86. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Sierra Bancorp (Symbol: BSRR) and achieve a cost basis even cheaper than Dutto, with shares changing hands as low as $26.85 per share. Sierra Bancorp shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of BSRR shares, versus its 200 day moving average:
Looking at the chart above, BSRR's low point in its 52 week range is $22.935 per share, with $31.185 as the 52 week high point - that compares with a last trade of $26.85. By comparison, below is a table showing the prices at which BSRR insider buying was recorded over the last six months:
Laurence S. Dutto
The current annualized dividend paid by Sierra Bancorp is $0.72/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/30/2019. Below is a long-term dividend history chart for BSRR, which can be of good help in judging whether the most recent dividend with approx. 2.7% annualized yield is likely to continue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.