Wall Street analysts expect Sierra Bancorp (NASDAQ:BSRR) to announce sales of $29.50 million for the current quarter, Zacks reports. Three analysts have issued estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $30.10 million and the lowest estimate coming in at $28.50 million. Sierra Bancorp reported sales of $26.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The company is expected to announce its next earnings results on Monday, April 22nd.
According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $120.63 million for the current financial year, with estimates ranging from $118.70 million to $121.80 million. For the next financial year, analysts expect that the business will report sales of $126.17 million, with estimates ranging from $124.50 million to $127.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Sierra Bancorp had a return on equity of 11.29% and a net margin of 24.09%. The company had revenue of $29.32 million for the quarter, compared to analyst estimates of $29.53 million.
BSRR has been the subject of a number of research reports. Zacks Investment Research downgraded Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. BidaskClub upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Hovde Group restated a “buy” rating on shares of Sierra Bancorp in a report on Monday, January 28th. Finally, ValuEngine cut Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Sierra Bancorp currently has an average rating of “Hold” and an average target price of $31.67.
Shares of NASDAQ:BSRR traded down $0.03 during midday trading on Friday, hitting $24.52. The stock had a trading volume of 442 shares, compared to its average volume of 17,163. Sierra Bancorp has a 12 month low of $22.67 and a 12 month high of $31.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $376.15 million, a PE ratio of 12.71, a P/E/G ratio of 1.43 and a beta of 0.86.
In other Sierra Bancorp news, Director Robb Evans purchased 1,000 shares of the stock in a transaction on Thursday, January 31st. The shares were purchased at an average price of $26.79 per share, with a total value of $26,790.00. Following the acquisition, the director now directly owns 19,000 shares in the company, valued at approximately $509,010. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin J. Mcphaill sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $27.27, for a total value of $409,050.00. Following the completion of the sale, the chief executive officer now directly owns 23,076 shares in the company, valued at approximately $629,282.52. The disclosure for this sale can be found here. Insiders purchased a total of 16,500 shares of company stock valued at $443,570 over the last three months. 10.21% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in BSRR. Citigroup Inc. grew its position in shares of Sierra Bancorp by 18.1% in the 4th quarter. Citigroup Inc. now owns 4,468 shares of the financial services provider’s stock worth $107,000 after buying an additional 685 shares during the last quarter. Macquarie Group Ltd. increased its position in Sierra Bancorp by 270.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,233 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. LSV Asset Management increased its position in Sierra Bancorp by 1.1% during the fourth quarter. LSV Asset Management now owns 142,181 shares of the financial services provider’s stock valued at $3,416,000 after acquiring an additional 1,581 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in Sierra Bancorp by 5.7% during the fourth quarter. Penn Capital Management Co. Inc. now owns 38,103 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 2,044 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Sierra Bancorp by 0.7% during the third quarter. Vanguard Group Inc. now owns 516,435 shares of the financial services provider’s stock valued at $14,925,000 after acquiring an additional 3,412 shares during the last quarter. 52.61% of the stock is currently owned by hedge funds and other institutional investors.
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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