FY2025 EPS Estimates for Sierra Bancorp Decreased by Analyst

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Sierra Bancorp in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $2.98 per share for the year, down from their previous forecast of $2.99. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.95 per share.

Separately, StockNews.com cut shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th.

Sierra Bancorp Stock Performance

Shares of NASDAQ:BSRR traded up $1.02 during trading on Friday, reaching $26.20. The company had a trading volume of 22,832 shares, compared to its average volume of 38,309. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. The stock's fifty day moving average price is $29.24 and its 200 day moving average price is $29.55. Sierra Bancorp has a fifty-two week low of $17.70 and a fifty-two week high of $35.13. The firm has a market capitalization of $365.79 million, a price-to-earnings ratio of 9.40 and a beta of 0.76.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.72. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%.

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. This is a boost from Sierra Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, February 3rd. Sierra Bancorp's dividend payout ratio (DPR) is currently 35.59%.

Insider Activity at Sierra Bancorp

In related news, Director Julie G. Castle sold 1,104 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $32.00, for a total transaction of $35,328.00. Following the sale, the director now owns 4,157 shares of the company's stock, valued at approximately $133,024. The trade was a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Olague sold 3,563 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $31.15, for a total transaction of $110,987.45. Following the completion of the transaction, the executive vice president now directly owns 12,409 shares of the company's stock, valued at approximately $386,540.35. This trade represents a 22.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,393 shares of company stock worth $166,994 over the last three months. 11.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sierra Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. purchased a new stake in shares of Sierra Bancorp in the third quarter valued at about $216,000. Barclays PLC boosted its position in Sierra Bancorp by 301.7% during the third quarter. Barclays PLC now owns 16,896 shares of the financial services provider's stock worth $488,000 after acquiring an additional 12,690 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sierra Bancorp by 40.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,858 shares of the financial services provider's stock worth $1,902,000 after acquiring an additional 19,025 shares during the period. Proficio Capital Partners LLC acquired a new position in Sierra Bancorp in the 4th quarter valued at $385,000. Finally, Jane Street Group LLC raised its holdings in Sierra Bancorp by 9.7% in the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 1,484 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

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.