FY2025 EPS Estimate for Sierra Bancorp Lowered by Analyst

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Stock analysts at DA Davidson reduced their FY2025 earnings per share estimates for Sierra Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $2.78 per share for the year, down from their previous estimate of $2.88. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.79 per share.

Several other research analysts have also commented on the company. StockNews.com raised Sierra Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Keefe, Bruyette & Woods boosted their price target on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.

Sierra Bancorp Price Performance

Shares of BSRR stock traded down $0.02 during trading hours on Monday, reaching $29.19. The stock had a trading volume of 38,506 shares, compared to its average volume of 33,128. The stock's fifty day simple moving average is $30.46 and its 200 day simple moving average is $27.92. The firm has a market capitalization of $420.16 million, a PE ratio of 11.58 and a beta of 0.92. Sierra Bancorp has a 12 month low of $17.69 and a 12 month high of $35.13. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%. The firm had revenue of $52.59 million during the quarter, compared to analyst estimates of $38.30 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSRR. Bank of New York Mellon Corp boosted its holdings in Sierra Bancorp by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 119,520 shares of the financial services provider's stock valued at $2,675,000 after purchasing an additional 3,531 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Sierra Bancorp by 8.2% in the second quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider's stock worth $268,000 after buying an additional 904 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Sierra Bancorp by 1.2% in the second quarter. Private Management Group Inc. now owns 657,147 shares of the financial services provider's stock worth $14,707,000 after buying an additional 7,515 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Sierra Bancorp during the third quarter worth about $142,000. Finally, Assenagon Asset Management S.A. raised its position in Sierra Bancorp by 24.0% during the third quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider's stock valued at $2,137,000 after acquiring an additional 14,335 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James C. Holly sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the transaction, the director now directly owns 313,370 shares of the company's stock, valued at $9,081,462.60. This represents a 1.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Albert L. Berra sold 2,540 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the transaction, the director now owns 150,063 shares in the company, valued at approximately $4,838,031.12. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,056 shares of company stock worth $244,741. Corporate insiders own 11.86% of the company's stock.

Sierra Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, October 31st. Sierra Bancorp's dividend payout ratio is currently 38.10%.

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.