Wall Street brokerages expect Sierra Bancorp (NASDAQ:BSRR) to report sales of $29.80 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $30.10 million and the lowest estimate coming in at $29.50 million. Sierra Bancorp reported sales of $29.32 million during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 28th.
According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $119.95 million for the current fiscal year, with estimates ranging from $119.70 million to $120.20 million. For the next financial year, analysts forecast that the business will post sales of $120.00 million, with estimates ranging from $118.90 million to $121.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $30.24 million during the quarter, compared to the consensus estimate of $29.82 million. Sierra Bancorp had a return on equity of 11.95% and a net margin of 25.98%.
Several research analysts have recently issued reports on BSRR shares. BidaskClub downgraded Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Monday, December 30th. Finally, ValuEngine raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.50.
In other Sierra Bancorp news, EVP James F. Gardunio sold 3,162 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $27.77, for a total value of $87,808.74. Following the completion of the transaction, the executive vice president now owns 838 shares in the company, valued at approximately $23,271.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James C. Holly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $26.81, for a total value of $134,050.00. Following the completion of the transaction, the director now owns 381,476 shares of the company’s stock, valued at approximately $10,227,371.56. The disclosure for this sale can be found here. Insiders sold a total of 13,162 shares of company stock valued at $363,809 in the last three months. 10.34% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Wealth Strategies Group Inc. raised its position in shares of Sierra Bancorp by 12.5% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 11,281 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 1,250 shares in the last quarter. Squarepoint Ops LLC increased its position in Sierra Bancorp by 24.6% in the third quarter. Squarepoint Ops LLC now owns 12,123 shares of the financial services provider’s stock worth $322,000 after buying an additional 2,394 shares during the period. Zebra Capital Management LLC acquired a new stake in Sierra Bancorp in the third quarter worth $221,000. State Street Corp increased its position in Sierra Bancorp by 4.8% in the third quarter. State Street Corp now owns 264,714 shares of the financial services provider’s stock worth $7,031,000 after buying an additional 12,076 shares during the period. Finally, First Trust Advisors LP increased its position in Sierra Bancorp by 12.1% in the third quarter. First Trust Advisors LP now owns 40,930 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 4,423 shares during the period. Hedge funds and other institutional investors own 54.49% of the company’s stock.
Shares of NASDAQ:BSRR traded up $0.12 during midday trading on Friday, hitting $27.82. 29,136 shares of the stock were exchanged, compared to its average volume of 29,527. The stock has a market cap of $425.45 million, a P/E ratio of 14.49 and a beta of 0.95. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. Sierra Bancorp has a twelve month low of $22.67 and a twelve month high of $30.15. The company has a 50 day moving average price of $28.39 and a 200-day moving average price of $26.77.
Sierra Bancorp Company Profile
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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