Sierra Bancorp (NASDAQ:BSRR) Price Target Cut to $36.00 by Analysts at DA Davidson

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) had its price target decreased by equities research analysts at DA Davidson from $37.00 to $36.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. DA Davidson's price objective indicates a potential upside of 31.58% from the company's previous close. DA Davidson also issued estimates for Sierra Bancorp's Q2 2025 earnings at $0.75 EPS, FY2025 earnings at $3.03 EPS and FY2026 earnings at $3.27 EPS.

Separately, StockNews.com upgraded Sierra Bancorp from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th.

Sierra Bancorp Stock Performance

Shares of BSRR traded up $0.75 during mid-day trading on Tuesday, reaching $27.36. 21,077 shares of the company's stock were exchanged, compared to its average volume of 39,246. The business's fifty day simple moving average is $27.37 and its 200-day simple moving average is $29.22. The stock has a market capitalization of $378.39 million, a PE ratio of 9.74 and a beta of 0.76. Sierra Bancorp has a 52-week low of $19.77 and a 52-week high of $35.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%. The business had revenue of $36.75 million during the quarter, compared to analyst estimates of $37.51 million. On average, equities research analysts expect that Sierra Bancorp will post 2.95 earnings per share for the current year.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, 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 value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie G. Castle sold 1,104 shares of Sierra Bancorp 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,393 shares of company stock valued at $166,994. 11.86% of the stock is 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. State of Tennessee Department of Treasury purchased a new position in shares of Sierra Bancorp in the fourth quarter valued at $137,000. CWM LLC grew its stake in Sierra Bancorp by 15.1% in the 1st quarter. CWM LLC now owns 4,920 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 647 shares during the last quarter. SG Americas Securities LLC increased its holdings in Sierra Bancorp by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 997 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in Sierra Bancorp during the fourth quarter worth about $202,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Sierra Bancorp in the third quarter valued at about $216,000. 55.40% of the stock is owned by institutional investors and hedge funds.

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.