DA Davidson Comments on Sierra Bancorp Q1 Earnings

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Sierra Bancorp in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings of $0.67 per share for the quarter. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.95 per share.

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

Several other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com cut Sierra Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, January 24th.

Sierra Bancorp Price Performance

Shares of BSRR traded down $0.21 during trading hours on Wednesday, reaching $30.14. The stock had a trading volume of 44,590 shares, compared to its average volume of 42,047. The company's 50-day moving average is $29.94 and its two-hundred day moving average is $29.39. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13. The stock has a market capitalization of $433.71 million, a PE ratio of 10.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSRR. SG Americas Securities LLC raised its stake in shares of 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 worth $171,000 after purchasing an additional 997 shares during the period. Financial Management Professionals Inc. bought a new stake in Sierra Bancorp in the third quarter worth about $29,000. Jane Street Group LLC boosted its stake in Sierra Bancorp by 9.7% in the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 1,484 shares during the last quarter. Empowered Funds LLC grew its position in shares of Sierra Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider's stock valued at $2,166,000 after acquiring an additional 3,752 shares during the period. Finally, Martingale Asset Management L P increased its stake in shares of Sierra Bancorp by 21.6% during the 3rd quarter. Martingale Asset Management L P now owns 36,184 shares of the financial services provider's stock worth $1,045,000 after purchasing an additional 6,431 shares during 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 Sierra Bancorp news, Director James C. Holly sold 5,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total value of $144,900.00. Following the completion of the sale, the director now owns 313,370 shares in the company, valued at approximately $9,081,462.60. This trade represents a 1.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Albert L. Berra sold 2,540 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total value of $81,889.60. Following the completion of the transaction, the director now directly owns 150,063 shares of the company's stock, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,056 shares of company stock valued at $244,741. Corporate insiders own 11.86% of the company's stock.

Sierra Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. This is an increase from Sierra Bancorp's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 3.32%. Sierra Bancorp's dividend payout ratio is presently 34.16%.

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.