FY2025 EPS Forecast for Sierra Bancorp Boosted by Analyst

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Investment analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Sierra Bancorp in a report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $3.27 for the year, up from their prior forecast of $2.78. The consensus estimate for Sierra Bancorp's current full-year earnings is $2.95 per share.

BSRR has been the topic of a number of other research reports. Keefe, Bruyette & Woods increased their price objective on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. StockNews.com cut shares of Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th.

Sierra Bancorp Price Performance

BSRR stock traded down $0.64 during trading on Thursday, hitting $29.51. 30,771 shares of the stock traded hands, compared to its average volume of 45,228. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock has a market cap of $424.58 million, a price-to-earnings ratio of 10.54 and a beta of 0.92. Sierra Bancorp has a one year low of $17.69 and a one year high of $35.13. The company has a 50 day simple moving average of $29.94 and a 200 day simple moving average of $29.40.

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

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from Sierra Bancorp's previous quarterly dividend of $0.24. The ex-dividend date is Monday, February 3rd. Sierra Bancorp's payout ratio is 35.59%.

Insider Activity

In other news, Director James C. Holly sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now owns 313,370 shares in the company, valued at $9,081,462.60. This represents a 1.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Albert L. Berra sold 2,540 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the transaction, the director now directly 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. Insiders sold a total of 8,056 shares of company stock valued at $244,741 in the last ninety days. 11.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of Sierra Bancorp by 20.3% in the fourth quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 997 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Sierra Bancorp during the 3rd quarter worth about $29,000. Jane Street Group LLC grew its stake in 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 buying an additional 1,484 shares during the last quarter. Empowered Funds LLC raised its holdings in Sierra Bancorp by 5.3% in 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 lifted its position in Sierra Bancorp by 21.6% during the third quarter. Martingale Asset Management L P now owns 36,184 shares of the financial services provider's stock worth $1,045,000 after acquiring an additional 6,431 shares during the last quarter. 55.40% 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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.