Sierra Bancorp (NASDAQ:BSRR) Releases Earnings Results, Beats Estimates By $0.27 EPS

Key Points

• Sierra Bancorp reported quarterly EPS of $1.18, beating analysts’ consensus estimate of $0.91 by $0.27. The company posted a 22.37% net margin and 12.38% return on equity.
• The company declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 2.6% yield, payable November 9 to shareholders of record November 2.
• Analyst sentiment remains mixed, with two Buy ratings and three Holds; the average rating is Hold and the average price target is $38.67.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) announced its earnings results on Monday. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.27, Zacks reports. Sierra Bancorp had a net margin of 22.37% and a return on equity of 12.38%.

Sierra Bancorp Stock Performance

BSRR stock opened at $41.74 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. Sierra Bancorp has a one year low of $26.62 and a one year high of $43.13. The firm has a market cap of $540.95 million, a price-to-earnings ratio of 12.20 and a beta of 0.76. The firm has a 50-day simple moving average of $39.95 and a two-hundred day simple moving average of $39.40.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. Sierra Bancorp's dividend payout ratio (DPR) is currently 31.58%.

Analyst Upgrades and Downgrades

BSRR has been the topic of a number of analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Sierra Bancorp in a research note on Monday, September 21st. Piper Sandler lowered their price objective on Sierra Bancorp from $40.00 to $39.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $38.67.

Sierra Bancorp Company Profile

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California's Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.

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