Brokers Set Expectations for Sierra Bancorp FY2025 Earnings

Sierra Bancorp (NASDAQ:BSRR - Free Report) - Equities research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Sierra Bancorp in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $2.98 per share for the year, down from their prior forecast of $2.99. 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 quarterly 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 net margin of 19.90% and a return on equity of 11.55%.

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 Performance

Sierra Bancorp stock traded down $0.26 during midday trading on Friday, hitting $25.42. 55,784 shares of the company were exchanged, compared to its average volume of 38,137. Sierra Bancorp has a fifty-two week low of $17.70 and a fifty-two week high of $35.13. 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 firm has a market capitalization of $354.96 million, a PE ratio of 9.05 and a beta of 0.76. The business has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $29.66.

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Institutional Trading of Sierra Bancorp

A number of hedge funds have recently bought and sold shares of the company. Zacks Investment Management purchased a new position in shares of Sierra Bancorp during the third quarter valued at about $2,818,000. Millennium Management LLC grew its holdings in shares of Sierra Bancorp by 301.4% during the 4th quarter. Millennium Management LLC now owns 37,858 shares of the financial services provider's stock worth $1,095,000 after acquiring an additional 28,426 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sierra Bancorp by 36.1% in the 4th quarter. JPMorgan Chase & Co. now owns 89,616 shares of the financial services provider's stock worth $2,592,000 after acquiring an additional 23,758 shares in the last quarter. FMR LLC lifted its stake in shares of Sierra Bancorp by 12.5% in the 3rd quarter. FMR LLC now owns 194,573 shares of the financial services provider's stock valued at $5,619,000 after purchasing an additional 21,558 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Sierra Bancorp during the fourth quarter valued at approximately $475,000. Institutional investors own 55.40% of the company's stock.

Insider Activity

In other news, Director Julie G. Castle sold 1,104 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.00, for a total value of $35,328.00. Following the sale, the director now directly owns 4,157 shares in the company, valued at $133,024. The trade was a 20.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 value of $110,987.45. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,393 shares of company stock valued at $166,994. Insiders own 11.86% of the company's stock.

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Sierra Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.93%. Sierra Bancorp's payout ratio is 35.59%.

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.