On November 6, 2024, Cindy Dabney, Senior Vice President and Chief Accounting Officer of Sierra Bancorp (BSRR, Financial), sold 516 shares of the company. According to the SEC Filing, the insider now owns 1,994 shares of Sierra Bancorp.
Sierra Bancorp operates as the bank holding company for Bank of the Sierra, which provides retail and commercial banking services primarily in California's Central Valley. The bank offers a diverse range of products and services, catering to both individual and business clients.
Over the past year, the insider has sold a total of 516 shares and has not purchased any shares. This recent transaction continues a trend observed over the last year, where there have been 10 insider sells and no insider buys at Sierra Bancorp.
Shares of Sierra Bancorp were trading at $34.79 on the day of the transaction. The company has a market cap of approximately $498.6 million. The price-earnings ratio of Sierra Bancorp stands at 13.73, which is above the industry median of 10.435.
The stock's valuation, according to GF Value, is considered significantly overvalued with a price-to-GF-Value ratio of 1.38. The GF Value of $25.18 suggests a potential overvaluation in comparison to the current trading price.
This insider sale might interest investors tracking insider behaviors, especially in the context of the stock's current valuation metrics and market performance.
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.
