BidaskClub upgraded shares of Sierra Bancorp (NASDAQ:BSRR) from a hold rating to a buy rating in a research note released on Wednesday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Sierra Bancorp from a hold rating to a buy rating and set a $33.00 price target on the stock in a report on Wednesday, April 25th. Hovde Group set a $31.00 price target on shares of Sierra Bancorp and gave the company a buy rating in a report on Tuesday, April 24th. Finally, Sandler O’Neill set a $29.00 price target on shares of Sierra Bancorp and gave the company a hold rating in a report on Thursday, March 29th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $29.50.
NASDAQ:BSRR opened at $29.55 on Wednesday. Sierra Bancorp has a one year low of $23.10 and a one year high of $29.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $450.64 million, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.74.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Sierra Bancorp had a net margin of 20.04% and a return on equity of 10.31%. The company had revenue of $26.89 million for the quarter, compared to analyst estimates of $27.23 million. sell-side analysts anticipate that Sierra Bancorp will post 1.95 earnings per share for the current year.
Several institutional investors have recently modified their holdings of BSRR. Ford Financial Group Inc. acquired a new position in shares of Sierra Bancorp in the fourth quarter worth about $106,000. MetLife Investment Advisors LLC acquired a new position in shares of Sierra Bancorp in the fourth quarter worth about $155,000. Two Sigma Advisers LP acquired a new position in shares of Sierra Bancorp in the fourth quarter worth about $213,000. Virtu Financial LLC acquired a new position in shares of Sierra Bancorp in the fourth quarter worth about $215,000. Finally, Mackay Shields LLC acquired a new position in shares of Sierra Bancorp in the first quarter worth about $241,000. Institutional investors and hedge funds own 51.25% of the company’s stock.
About Sierra Bancorp
Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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