Equity research analysts expect Sierra Bancorp (NASDAQ: BSRR – Get Rating) to report earnings per share (EPS) of $0.59 for the current quarter, reports Zacks Investment Research. Three analysts provided earnings estimates for Sierra Bancorp, with estimates ranging from $0.54 to $0.63. Sierra Bancorp reported earnings of $0.72 per share in the same quarter last year, which would indicate a negative 18.1% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Sierra Bancorp to report annual earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.30 to $2.83. For next year, analysts expect the company to post earnings of $2.91 per share, with EPS estimates ranging from $2.80 to $3.09. Zacks EPS averages are an average based on a survey of analysts who follow Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR – Get Rating) last released its results on Monday, January 24. The financial services provider reported EPS of $0.63 for the quarter, missing the consensus estimate of $0.66 per ($0.03). Sierra Bancorp had a net margin of 30.47% and a return on equity of 12.01%. The company posted revenue of $33.67 million in the quarter, versus analyst estimates of $34.00 million.
A number of equity research analysts have recently released reports on BSRR stocks. Janney Montgomery Scott downgraded Sierra Bancorp from a “buy” rating to a “neutral” rating in a Tuesday, January 25 research report. StockNews.com launched coverage on Sierra Bancorp in a research note on Thursday, March 31. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a target price of $28.00 for the company in a Thursday, March 31 research note.
NASDAQ:BSRR shares opened at $24.21 on Friday. The company has a market capitalization of $365.23 million, a P/E ratio of 8.65 and a beta of 1.10. Sierra Bancorp has a 1 year minimum of $22.40 and a 1 year maximum of $28.92. The company has a debt ratio of 0.23, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50-day simple moving average is $25.52 and its 200-day simple moving average is $26.10.
The company also recently announced a dividend, which will be paid on Thursday, May 12. Shareholders of record on Monday, May 2 will receive a dividend of $0.23 per share. The ex-dividend date is Friday, April 29. Sierra Bancorp’s payout ratio is currently 32.86%.
Several institutional investors and hedge funds have recently changed their positions in BSRR. Citigroup Inc. increased its stake in Sierra Bancorp shares by 42.1% in Q3. Citigroup Inc. now owns 1,630 shares of the financial services provider valued at $40,000 after acquiring 483 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Sierra Bancorp shares by 98.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,625 shares of the financial services provider valued at $88,000 after acquiring an additional 1,802 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in Sierra Bancorp shares by 40.9% in Q4. Metropolitan Life Insurance Co NY now owns 3,681 shares of the financial services provider valued at $100,000 after acquiring 1,068 additional shares in the last quarter. Barclays PLC increased its position in Sierra Bancorp by 210.9% in the third quarter. Barclays PLC now owns 5,739 shares of the financial services provider worth $140,000 after buying 3,893 additional shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Sierra Bancorp during Q4 worth $160,000. Institutional investors hold 53.30% of the company’s shares.
About Sierra Bancorp (Get a rating)
Sierra Bancorp operates as a bank holding company for Bank of the Sierra which 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 current accounts, term deposits, retirement accounts and sweepstakes accounts.
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