Sierra Bancorp FY2025 EPS Forecast Decreased by DA Davidson

Key Points

• Analysts at DA Davidson have lowered their FY2025 earnings per share estimate for Sierra Bancorp from $3.09 to $3.04, while maintaining a "Buy" rating and a target price of $36.00.
• Sierra Bancorp reported $0.78 EPS for the last quarter, exceeding analyst expectations of $0.74, with revenue of $39.21 million compared to expectations of $38.47 million.
• The company recently declared a quarterly dividend of $0.25, equivalent to an annual yield of 3.40%, with a dividend payout ratio currently at 34.60%.

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Stock analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Sierra Bancorp in a research note issued to investors on Tuesday, July 29th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $3.04 per share for the year, down from their prior estimate of $3.09. 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 $3.28 EPS.

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

A number of other brokerages have also issued reports on BSRR. Wall Street Zen lowered shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods lowered their price target on Sierra Bancorp from $32.00 to $31.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th.

Sierra Bancorp Stock Performance

Shares of BSRR stock traded down $0.73 during mid-day trading on Thursday, hitting $28.59. 39,287 shares of the stock were exchanged, compared to its average volume of 35,301. The stock's fifty day simple moving average is $29.33 and its two-hundred day simple moving average is $28.71. The stock has a market capitalization of $395.11 million, a price-to-earnings ratio of 9.89 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.80. Sierra Bancorp has a 12-month low of $22.42 and a 12-month high of $35.13.

Institutional Trading of Sierra Bancorp

A number of institutional investors have recently added to or reduced their stakes in BSRR. Ameritas Advisory Services LLC purchased a new stake in shares of Sierra Bancorp during the 2nd quarter worth approximately $71,000. State of Tennessee Department of Treasury purchased a new stake in Sierra Bancorp during the fourth quarter worth $137,000. CWM LLC boosted its position in Sierra Bancorp by 15.1% during the first quarter. CWM LLC now owns 4,920 shares of the financial services provider's stock worth $137,000 after purchasing an additional 647 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Sierra Bancorp during the fourth quarter worth $202,000. Finally, MetLife Investment Management LLC boosted its position in shares of Sierra Bancorp by 11.3% in the 4th quarter. MetLife Investment Management LLC now owns 8,249 shares of the financial services provider's stock worth $239,000 after buying an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Insider Buying and Selling at Sierra Bancorp

In other news, Director Lynda Scearcy sold 4,297 shares of Sierra Bancorp stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $30.02, for a total value of $128,995.94. Following the sale, the director owned 31,233 shares of the company's stock, valued at $937,614.66. The trade was a 12.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.86% of the stock is currently owned by insiders.

Sierra Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, August 4th. Sierra Bancorp's dividend payout ratio (DPR) is 34.60%.

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.