Sierra Bancorp (NASDAQ:BSRR – Get Free Report) posted its quarterly earnings results on Monday. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.27, Zacks reports. The company had revenue of $40.08 million for the quarter, compared to analyst estimates of $39.23 million.
Sierra Bancorp Price Performance
Shares of Sierra Bancorp stock opened at $42.78 on Wednesday. Sierra Bancorp has a one year low of $27.93 and a one year high of $44.00. The stock has a market capitalization of $554.61 million, a P/E ratio of 11.02 and a beta of 0.76. The business’s 50 day simple moving average is $40.01 and its two-hundred day simple moving average is $38.11.
Sierra Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.27 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.5%. Sierra Bancorp’s dividend payout ratio is 27.84%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on BSRR shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Sierra Bancorp in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Sierra Bancorp in a report on Monday, September 21st. DA Davidson boosted their price objective on Sierra Bancorp from $47.00 to $48.50 and gave the company a “buy” rating in a research note on Tuesday. Finally, Piper Sandler decreased their price objective on Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.17.
Check Out Our Latest Stock Analysis on BSRR
About Sierra Bancorp
Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.
Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.
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