Brokerages predict that Sierra Bancorp (NASDAQ:BSRR) will post earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sierra Bancorp’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. Sierra Bancorp posted earnings of $0.31 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.1%. The business is scheduled to report its next quarterly earnings results on Monday, July 24th.
On average, analysts expect that Sierra Bancorp will report full year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.47. For the next financial year, analysts expect that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.64 to $1.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.02. Sierra Bancorp had a return on equity of 8.77% and a net margin of 20.02%. The firm had revenue of $22.02 million for the quarter, compared to the consensus estimate of $22.35 million.
BSRR has been the subject of several analyst reports. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, March 20th. DA Davidson raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, May 23rd. Finally, ValuEngine raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.17.
In other news, Director Robb Evans purchased 1,000 shares of the business’s stock in a transaction on Friday, April 28th. The stock was purchased at an average cost of $25.39 per share, with a total value of $25,390.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $380,850. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 15.24% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC purchased a new position in shares of Sierra Bancorp during the fourth quarter valued at approximately $6,293,000. Martingale Asset Management L P boosted its stake in Sierra Bancorp by 26.0% in the fourth quarter. Martingale Asset Management L P now owns 84,132 shares of the financial services provider’s stock valued at $2,238,000 after buying an additional 17,361 shares during the period. Numeric Investors LLC boosted its stake in Sierra Bancorp by 0.8% in the fourth quarter. Numeric Investors LLC now owns 235,399 shares of the financial services provider’s stock valued at $6,259,000 after buying an additional 1,900 shares during the period. State Street Corp boosted its stake in Sierra Bancorp by 3.0% in the fourth quarter. State Street Corp now owns 202,875 shares of the financial services provider’s stock valued at $5,395,000 after buying an additional 5,853 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Sierra Bancorp by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 827,845 shares of the financial services provider’s stock valued at $22,012,000 after buying an additional 36,403 shares during the period. 48.32% of the stock is owned by hedge funds and other institutional investors.
Sierra Bancorp (NASDAQ:BSRR) traded down 2.51% during midday trading on Monday, hitting $24.06. 16,580 shares of the stock were exchanged. Sierra Bancorp has a 1-year low of $15.60 and a 1-year high of $29.50. The firm’s 50-day moving average price is $25.45 and its 200 day moving average price is $25.94. The firm has a market capitalization of $332.77 million, a P/E ratio of 18.38 and a beta of 0.83.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.33%. The ex-dividend date was Tuesday, May 2nd. Sierra Bancorp’s payout ratio is 43.41%.
About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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