DA Davidson Lowers Earnings Estimates for Sierra Bancorp

Key Points

• DA Davidson has lowered its FY2025 earnings per share estimate for Sierra Bancorp from $3.04 to $3.02, while the consensus estimate stands at $2.95 per share.
• Shares of Sierra Bancorp have decreased by 2.5%, currently trading at $28.91, and the company has a market capitalization of approximately $392.89 million.
• Currently, the stock has a consensus rating of "Hold" with a target price of $33.50, following a downgrade from Zacks Research.

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Investment analysts at DA Davidson cut their FY2025 earnings per share estimates for Sierra Bancorp in a research report issued on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $3.02 per share for the year, down from their previous estimate of $3.04. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.95 per share. DA Davidson also issued estimates for Sierra Bancorp's FY2026 earnings at $3.15 EPS.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last issued its earnings results on Monday, July 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $39.21 million during the quarter, compared to the consensus estimate of $38.47 million. Sierra Bancorp had a return on equity of 11.44% and a net margin of 20.09%.

Separately, Zacks Research downgraded Sierra Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $33.50.

Sierra Bancorp Stock Down 2.5%

Shares of NASDAQ BSRR opened at $28.91 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. The company has a market cap of $392.89 million, a price-to-earnings ratio of 10.00 and a beta of 0.81. Sierra Bancorp has a 12 month low of $22.42 and a 12 month high of $35.13. The stock has a 50-day moving average price of $29.88 and a two-hundred day moving average price of $28.64.

Sierra Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, August 4th. Sierra Bancorp's payout ratio is 34.60%.

Insider Activity at Sierra Bancorp

In related news, Director Julie G. Castle sold 976 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $29.25, for a total value of $28,548.00. Following the sale, the director directly owned 3,181 shares in the company, valued at $93,044.25. This represents a 23.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Olague sold 9,193 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $28.41, for a total value of $261,173.13. Following the completion of the sale, the executive vice president owned 8,809 shares in the company, valued at $250,263.69. The trade was a 51.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.86% of the company's stock.

Institutional Trading of Sierra Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in Sierra Bancorp in the fourth quarter valued at approximately $475,000. GAMMA Investing LLC boosted its holdings in Sierra Bancorp by 13,970.1% in the first quarter. GAMMA Investing LLC now owns 15,055 shares of the financial services provider's stock valued at $420,000 after acquiring an additional 14,948 shares during the last quarter. Millennium Management LLC boosted its holdings in Sierra Bancorp by 301.4% in the fourth quarter. Millennium Management LLC now owns 37,858 shares of the financial services provider's stock valued at $1,095,000 after acquiring an additional 28,426 shares during the last quarter. Nuveen LLC bought a new position in shares of Sierra Bancorp during the 1st quarter worth approximately $960,000. Finally, Two Sigma Investments LP bought a new position in shares of Sierra Bancorp during the 4th quarter worth approximately $458,000. 55.40% of the stock is currently owned by institutional investors.

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. It 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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