Analysts Expect Sierra Bancorp (NASDAQ:BSRR) to Announce $0.56 EPS

Analysts predict that Sierra Bancorp (NASDAQ:BSRR) will report earnings per share (EPS) of $0.56 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Sierra Bancorp’s earnings, with estimates ranging from $0.54 to $0.57. Sierra Bancorp posted earnings of $0.46 per share in the same quarter last year, which suggests a positive year over year growth rate of 21.7%. The business is expected to announce its next quarterly earnings results on Monday, October 28th.

On average, analysts expect that Sierra Bancorp will report full year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.27. For the next fiscal year, analysts anticipate that the company will report earnings of $2.22 per share, with EPS estimates ranging from $2.19 to $2.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Sierra Bancorp had a return on equity of 11.71% and a net margin of 24.91%. The company had revenue of $30.05 million during the quarter, compared to analysts’ expectations of $30.03 million.



BSRR has been the subject of a number of analyst reports. ValuEngine cut Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Raymond James cut their price objective on Sierra Bancorp from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. BidaskClub raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Finally, Zacks Investment Research raised Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.00.

Shares of NASDAQ:BSRR traded down $0.42 on Thursday, reaching $26.44. The company had a trading volume of 91,756 shares, compared to its average volume of 27,416. Sierra Bancorp has a twelve month low of $22.67 and a twelve month high of $30.03. The stock has a 50-day moving average price of $25.30 and a 200 day moving average price of $25.57. The stock has a market capitalization of $408.92 million, a P/E ratio of 13.77, a P/E/G ratio of 1.49 and a beta of 0.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in shares of Sierra Bancorp by 508.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,953 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,468 shares during the last quarter. Walthausen & Co. LLC acquired a new position in shares of Sierra Bancorp during the 1st quarter worth about $1,387,000. LSV Asset Management lifted its position in shares of Sierra Bancorp by 8.2% during the 2nd quarter. LSV Asset Management now owns 153,986 shares of the financial services provider’s stock worth $4,176,000 after purchasing an additional 11,686 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Sierra Bancorp by 71.9% during the 1st quarter. Kennedy Capital Management Inc. now owns 245,651 shares of the financial services provider’s stock worth $5,969,000 after purchasing an additional 102,723 shares during the last quarter. Finally, Context BH Capital Management LP lifted its position in shares of Sierra Bancorp by 1.1% during the 2nd quarter. Context BH Capital Management LP now owns 83,269 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 900 shares during the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Sierra Bancorp (NASDAQ:BSRR)

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