Sierra Bancorp FY2026 EPS Forecast Decreased by DA Davidson

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Investment analysts at DA Davidson reduced their FY2026 earnings per share (EPS) estimates for Sierra Bancorp in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $3.26 per share for the year, down from their previous forecast of $3.27. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.95 per share.

Separately, StockNews.com downgraded shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th.

Sierra Bancorp Stock Down 1.0 %

Shares of BSRR traded down $0.26 during mid-day trading on Thursday, reaching $25.42. The company had a trading volume of 55,784 shares, compared to its average volume of 38,137. The firm has a 50-day moving average price of $29.53 and a 200 day moving average price of $29.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $354.96 million, a price-to-earnings ratio of 9.05 and a beta of 0.76. Sierra Bancorp has a 52 week low of $17.70 and a 52 week high of $35.13.

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Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.72. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in Sierra Bancorp by 12.5% during the 3rd quarter. FMR LLC now owns 194,573 shares of the financial services provider's stock worth $5,619,000 after buying an additional 21,558 shares during the last quarter. State Street Corp lifted its holdings in shares of Sierra Bancorp by 3.6% in the 3rd quarter. State Street Corp now owns 321,257 shares of the financial services provider's stock valued at $9,278,000 after buying an additional 11,095 shares during the period. Jane Street Group LLC increased its holdings in shares of Sierra Bancorp by 9.7% in the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider's stock valued at $486,000 after purchasing an additional 1,484 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Sierra Bancorp during the 3rd quarter worth approximately $2,818,000. Finally, Barclays PLC increased its position in shares of Sierra Bancorp by 301.7% in the third quarter. Barclays PLC now owns 16,896 shares of the financial services provider's stock valued at $488,000 after buying an additional 12,690 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Insider Buying and Selling at Sierra Bancorp

In other news, Director Julie G. Castle sold 1,104 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $32.00, for a total transaction of $35,328.00. Following the completion of the transaction, the director now directly owns 4,157 shares in the company, valued at $133,024. This trade represents a 20.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Olague sold 3,563 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $31.15, for a total transaction of $110,987.45. Following the sale, the executive vice president now owns 12,409 shares in the company, valued at approximately $386,540.35. This trade represents a 22.31 % 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 worth $166,994. 11.86% of the stock is currently owned by insiders.

Sierra Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, February 3rd. This is an increase from Sierra Bancorp's previous quarterly dividend of $0.24. Sierra Bancorp's payout ratio is currently 35.59%.

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.