DA Davidson Forecasts Stronger Earnings for Sierra Bancorp

Sierra Bancorp (NASDAQ:BSRR - Free Report) - DA Davidson boosted their FY2025 EPS estimates for shares of Sierra Bancorp in a research report issued to clients and investors on Tuesday, April 29th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $3.03 for the year, up from their previous estimate of $2.98. DA Davidson currently has a "Buy" rating and a $36.00 target price on the stock. 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 $3.27 EPS.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $36.75 million for the quarter, compared to analysts' expectations of $37.51 million. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%.

A number of other analysts have also weighed in on the company. StockNews.com cut shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods dropped their price target on Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th.

Sierra Bancorp Trading Down 1.2 %

NASDAQ BSRR traded down $0.33 during trading on Thursday, hitting $26.65. 12,549 shares of the company's stock traded hands, compared to its average volume of 39,072. The firm has a market cap of $368.57 million, a P/E ratio of 9.49 and a beta of 0.71. Sierra Bancorp has a 12-month low of $19.77 and a 12-month high of $35.13. The stock has a fifty day moving average of $27.30 and a two-hundred day moving average of $29.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

Institutional Investors Weigh In On Sierra Bancorp

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

Insider Transactions at Sierra Bancorp

In related news, EVP Michael Olague sold 3,563 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $31.15, for a total value of $110,987.45. Following the transaction, the executive vice president now owns 12,409 shares in the company, valued at $386,540.35. The trade was a 22.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julie G. Castle sold 1,104 shares of the firm's stock in a transaction that occurred on 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 directly owns 4,157 shares of the company's stock, valued at $133,024. This trade represents a 20.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,393 shares of company stock valued at $166,994 in the last ninety days. 11.86% of the stock is currently owned by corporate insiders.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.75%. Sierra Bancorp's payout ratio is 35.46%.

About Sierra Bancorp

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.