Director Morris Tharp sold 5,000 shares of Sierra Bancorp (BSRR, Financial) on November 12, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 8,433 shares of the company.
Sierra Bancorp operates as the bank holding company for Bank of the Sierra, which provides retail and commercial banking services primarily in the Central Valley of California. The bank offers a diverse range of products and services, catering to both individual and business clients.
Over the past year, Morris Tharp has sold a total of 47,500 shares and has not made any purchases of the company's stock. This recent transaction continues a trend of insider sales at Sierra Bancorp, with a total of 12 insider sales and no insider buys reported over the past year.
Shares of Sierra Bancorp were trading at $32.45 on the day of the transaction. The company has a market cap of approximately $453.687 million. The price-earnings ratio of Sierra Bancorp stands at 12.51, which is above both the industry median of 10.815 and the company's historical median.
The stock's GF Value is estimated at $25.44, indicating a price-to-GF-Value ratio of 1.28. This suggests that Sierra Bancorp is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
