Sierra Bancorp (BSRR) Projected to Post Earnings on Monday

Sierra Bancorp (NASDAQ:BSRR - Get Free Report) is anticipated to announce its Q4 2024 earnings results before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $38,644.50 billion for the quarter.

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 17.91% and a return on equity of 10.48%. On average, analysts expect Sierra Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sierra Bancorp Trading Down 0.1 %

Sierra Bancorp stock traded down $0.04 during midday trading on Monday, reaching $29.71. The stock had a trading volume of 48,374 shares, compared to its average volume of 45,098. Sierra Bancorp has a twelve month low of $17.69 and a twelve month high of $35.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $427.53 million, a price-to-earnings ratio of 11.79 and a beta of 0.92. The firm's fifty day simple moving average is $30.03 and its two-hundred day simple moving average is $29.28.

Sierra Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.25 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.37%. This is a positive change from Sierra Bancorp's previous quarterly dividend of $0.24. Sierra Bancorp's dividend payout ratio is presently 38.10%.

Insider Buying and Selling at Sierra Bancorp

In related news, Director Albert L. Berra sold 2,540 shares of the firm'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 transaction of $81,889.60. Following the transaction, the director now owns 150,063 shares of the company's stock, valued at approximately $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Holly sold 5,000 shares of Sierra Bancorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the completion of the sale, the director now owns 313,370 shares of the company's stock, valued at $9,081,462.60. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,056 shares of company stock valued at $244,741 in the last quarter. Company insiders own 11.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BSRR. StockNews.com lowered Sierra Bancorp from a "buy" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on Sierra Bancorp from $30.00 to $35.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.

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.