Sierra Bancorp (NASDAQ:BSRR) Expected to Announce Earnings of $0.56 Per Share

Wall Street analysts expect Sierra Bancorp (NASDAQ:BSRR) to announce earnings of $0.56 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sierra Bancorp’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.54. Sierra Bancorp posted earnings of $0.51 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.8%. The business is expected to announce its next earnings report on Tuesday, January 28th.

According to Zacks, analysts expect that Sierra Bancorp will report full year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.26 to $2.30. For the next fiscal year, analysts expect that the firm will post earnings of $2.16 per share, with EPS estimates ranging from $2.05 to $2.22. Zacks’ EPS calculations are an 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 Monday, October 21st. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Sierra Bancorp had a net margin of 25.98% and a return on equity of 11.95%. The company had revenue of $30.24 million during the quarter, compared to the consensus estimate of $29.82 million.

A number of equities analysts have commented on the company. Raymond James lowered their price objective on Sierra Bancorp from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Zacks Investment Research downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine raised Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, BidaskClub lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.00.

In related news, Director James C. Holly sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $26.81, for a total transaction of $134,050.00. Following the sale, the director now owns 381,476 shares in the company, valued at approximately $10,227,371.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James F. Gardunio sold 3,162 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $27.77, for a total transaction of $87,808.74. Following the sale, the executive vice president now owns 838 shares in the company, valued at approximately $23,271.26. The disclosure for this sale can be found here. 10.34% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BSRR. Strs Ohio lifted its stake in Sierra Bancorp by 2.6% during the second quarter. Strs Ohio now owns 23,900 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 600 shares during the last quarter. H D Vest Advisory Services acquired a new stake in shares of Sierra Bancorp in the 2nd quarter valued at $345,000. Wells Fargo & Company MN boosted its holdings in shares of Sierra Bancorp by 23.3% in the 2nd quarter. Wells Fargo & Company MN now owns 31,963 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 6,039 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Sierra Bancorp by 124.8% in the 2nd quarter. Acadian Asset Management LLC now owns 32,197 shares of the financial services provider’s stock valued at $873,000 after purchasing an additional 17,877 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Sierra Bancorp by 8.2% in the 2nd quarter. LSV Asset Management now owns 153,986 shares of the financial services provider’s stock valued at $4,176,000 after purchasing an additional 11,686 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Shares of BSRR stock traded down $0.48 during trading on Tuesday, hitting $26.74. The company had a trading volume of 18,634 shares, compared to its average volume of 27,491. The firm has a market capitalization of $408.94 million, a P/E ratio of 13.93 and a beta of 0.92. Sierra Bancorp has a one year low of $22.67 and a one year high of $28.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day moving average price is $27.15 and its 200 day moving average price is $26.12.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.76 dividend on an annualized basis and a yield of 2.84%. Sierra Bancorp’s payout ratio is 39.58%.

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. 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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