Equities analysts forecast that Sierra Bancorp (NASDAQ:BSRR) will announce earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sierra Bancorp’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.49. Sierra Bancorp posted earnings of $0.44 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.9%. The business is expected to announce its next quarterly earnings report on Monday, April 22nd.
On average, analysts expect that Sierra Bancorp will report full year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.19. For the next fiscal year, analysts forecast that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $2.22 to $2.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). Sierra Bancorp had a net margin of 24.09% and a return on equity of 11.29%. The company had revenue of $29.32 million for the quarter, compared to the consensus estimate of $29.53 million.
In related news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction on Thursday, January 31st. The shares were bought at an average cost of $26.79 per share, with a total value of $26,790.00. Following the completion of the purchase, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $509,010. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Olague acquired 15,000 shares of Sierra Bancorp stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $26.89 per share, for a total transaction of $403,350.00. The disclosure for this purchase can be found here. Insiders purchased 16,500 shares of company stock worth $443,570 over the last quarter. 10.21% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. increased its stake in Sierra Bancorp by 270.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,233 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Citigroup Inc. increased its stake in Sierra Bancorp by 18.1% during the fourth quarter. Citigroup Inc. now owns 4,468 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 685 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Sierra Bancorp by 413.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,635 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 3,733 shares during the last quarter. Bank of Montreal Can increased its stake in Sierra Bancorp by 5,069.0% during the third quarter. Bank of Montreal Can now owns 5,169 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 5,069 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Sierra Bancorp by 71.9% during the fourth quarter. Acadian Asset Management LLC now owns 8,311 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 3,477 shares during the last quarter. 52.61% of the stock is currently owned by institutional investors.
NASDAQ:BSRR traded up $0.35 during mid-day trading on Wednesday, hitting $23.52. 620 shares of the company traded hands, compared to its average volume of 29,688. Sierra Bancorp has a one year low of $22.67 and a one year high of $31.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $355.00 million, a PE ratio of 12.02, a P/E/G ratio of 1.35 and a beta of 0.88.
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. The company 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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