Sierra Bancorp (NASDAQ:BSRR - Free Report) - DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Sierra Bancorp in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings of $0.64 per share for the quarter. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.33 per share. DA Davidson also issued estimates for Sierra Bancorp's FY2025 earnings at $2.58 EPS.
Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.26). The business had revenue of $50.49 million during the quarter, compared to the consensus estimate of $35.15 million. Sierra Bancorp had a net margin of 17.80% and a return on equity of 11.11%.
A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Sierra Bancorp from $24.00 to $23.00 and set a "market perform" rating on the stock in a report on Tuesday. Janney Montgomery Scott raised shares of Sierra Bancorp from a "neutral" rating to a "buy" rating and lowered their price target for the company from $24.00 to $23.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.33.
Check Out Our Latest Analysis on Sierra Bancorp
Sierra Bancorp Price Performance
Shares of NASDAQ:BSRR traded up $0.94 during midday trading on Wednesday, reaching $20.90. The company's stock had a trading volume of 46,625 shares, compared to its average volume of 27,332. The business's fifty day simple moving average is $18.73 and its 200-day simple moving average is $19.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. Sierra Bancorp has a fifty-two week low of $15.01 and a fifty-two week high of $23.21. The company has a market capitalization of $306.19 million, a P/E ratio of 8.62 and a beta of 0.93.
Institutional Trading of Sierra Bancorp
Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Sierra Bancorp by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 996,631 shares of the financial services provider's stock worth $22,474,000 after purchasing an additional 3,348 shares during the period. Private Management Group Inc. boosted its holdings in Sierra Bancorp by 4.0% during the third quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider's stock worth $12,394,000 after buying an additional 25,256 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Sierra Bancorp by 15.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 77,645 shares of the financial services provider's stock worth $1,568,000 after buying an additional 10,496 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Sierra Bancorp by 20.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 43,620 shares of the financial services provider's stock valued at $984,000 after acquiring an additional 7,260 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Sierra Bancorp by 118.2% in the 4th quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider's stock valued at $343,000 after acquiring an additional 8,243 shares during the period. Institutional investors own 55.40% of the company's stock.
Sierra Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.92 dividend on an annualized basis and a yield of 4.40%. Sierra Bancorp's payout ratio is presently 38.02%.
Sierra Bancorp Company Profile
(
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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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