Director Morris Tharp sold 5,000 shares of Sierra Bancorp (BSRR, Financial) on November 14, 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 52,500 shares and has not purchased any shares. This recent sale is part of a broader trend observed within Sierra Bancorp, where there have been 13 insider sells and no insider buys over the past year.
Shares of Sierra Bancorp were trading at $31.54 on the day of the transaction. The company has a market cap of $450.951 million. The price-earnings ratio stands at 12.43, which is above both the industry median of 10.81 and the company's historical median.
The stock's valuation, according to GF Value, is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.28. The GF Value of $24.64 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider selling activity could be of interest to current and potential investors, providing insights into how insiders view the stock'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.
