Brokerages Anticipate Sierra Bancorp (BSRR) Will Post Earnings of $0.36 Per Share

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.

TRADEMARK VIOLATION WARNING: This story was originally published by Stock Observer and is the property of of Stock Observer. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.thestockobserver.com/2017/06/20/brokerages-anticipate-sierra-bancorp-bsrr-will-post-earnings-of-0-36-per-share-updated-updated.html.

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.

Get a free copy of the Zacks research report on Sierra Bancorp (BSRR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply