Equities analysts expect that Sierra Bancorp (NASDAQ:BSRR) will report sales of $27.23 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sierra Bancorp’s earnings, with the lowest sales estimate coming in at $26.80 million and the highest estimate coming in at $27.50 million. Sierra Bancorp reported sales of $22.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 23.7%. The firm is scheduled to announce its next earnings results on Monday, April 23rd.
On average, analysts expect that Sierra Bancorp will report full-year sales of $27.23 million for the current fiscal year, with estimates ranging from $111.70 million to $112.25 million. For the next fiscal year, analysts anticipate that the business will post sales of $119.43 million per share, with estimates ranging from $117.90 million to $121.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $27.91 million during the quarter, compared to analyst estimates of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%.
A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. FIG Partners initiated coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price objective for the company. DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Hovde Group set a $30.00 price objective on shares of Sierra Bancorp and gave the company a “hold” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Sierra Bancorp has a consensus rating of “Hold” and a consensus target price of $29.17.
In other Sierra Bancorp news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the transaction, the director now owns 16,200 shares in the company, valued at approximately $449,712. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $85,500.00. The disclosure for this sale 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. Wells Fargo & Company MN lifted its stake in Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after buying an additional 196 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock valued at $177,000 after buying an additional 800 shares in the last quarter. Teachers Advisors LLC lifted its stake in Sierra Bancorp by 9.8% during the second quarter. Teachers Advisors LLC now owns 20,932 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,862 shares in the last quarter. California Public Employees Retirement System lifted its stake in Sierra Bancorp by 6.0% during the fourth quarter. California Public Employees Retirement System now owns 42,225 shares of the financial services provider’s stock valued at $1,121,000 after buying an additional 2,387 shares in the last quarter. Finally, Ford Financial Group Inc. purchased a new stake in Sierra Bancorp during the fourth quarter valued at about $106,000. Institutional investors own 49.85% of the company’s stock.
Shares of Sierra Bancorp (NASDAQ BSRR) traded up $0.25 on Monday, reaching $27.60. 18,300 shares of the company were exchanged, compared to its average volume of 24,506. The company has a market cap of $420.17, a price-to-earnings ratio of 17.92, a PEG ratio of 1.74 and a beta of 0.75. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.16. Sierra Bancorp has a 12-month low of $23.10 and a 12-month high of $29.50.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a dividend of $0.16 per share. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.32%. Sierra Bancorp’s dividend payout ratio (DPR) is 47.06%.
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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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