Sierra Bancorp (NASDAQ:BSRR) – Research analysts at FIG Partners increased their FY2018 earnings per share (EPS) estimates for Sierra Bancorp in a report released on Wednesday, Zacks Investment Research reports. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings per share of $2.01 for the year, up from their prior estimate of $1.79. FIG Partners currently has a “Market-Perform” rating and a $30.00 price target on the stock.
BSRR has been the topic of several other research reports. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, December 26th. DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. BidaskClub lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.79.
Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $27.71 on Friday. Sierra Bancorp has a 52-week low of $23.10 and a 52-week high of $29.50. The stock has a market cap of $421.72, a PE ratio of 18.47, a PEG ratio of 1.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. The business had revenue of $24.35 million for the quarter, compared to analyst estimates of $23.90 million.
In other news, Director Gordon T. Woods sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robb Evans purchased 1,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director now owns 16,000 shares of the company’s stock, valued at approximately $416,000. The disclosure for this purchase can be found here. Company insiders own 20.77% of the company’s stock.
Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in shares of Sierra Bancorp by 170.7% in the third quarter. GSA Capital Partners LLP now owns 25,850 shares of the financial services provider’s stock worth $702,000 after buying an additional 16,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sierra Bancorp by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock worth $25,484,000 after buying an additional 32,745 shares in the last quarter. Brown Advisory Inc. purchased a new position in shares of Sierra Bancorp in the third quarter worth about $1,060,000. Wells Fargo & Company MN lifted its stake in shares of Sierra Bancorp by 54.9% in the third quarter. Wells Fargo & Company MN now owns 12,893 shares of the financial services provider’s stock worth $350,000 after buying an additional 4,572 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Sierra Bancorp during the third quarter worth about $204,000. 49.24% of the stock is currently owned by hedge funds and other institutional investors.
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Sierra Bancorp Company Profile
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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