FY2025 EPS Forecast for Sierra Bancorp Increased by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Stock analysts at DA Davidson raised their FY2025 earnings estimates for shares of Sierra Bancorp in a research note issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $3.27 per share for the year, up from their prior estimate of $2.78. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.

Several other analysts also recently issued reports on the company. StockNews.com downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods increased 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.

Sierra Bancorp Price Performance

Shares of NASDAQ BSRR opened at $30.77 on Thursday. Sierra Bancorp has a 1-year low of $17.69 and a 1-year high of $35.13. The firm has a market capitalization of $442.78 million, a PE ratio of 12.21 and a beta of 0.92. The business’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $29.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

Sierra Bancorp (NASDAQ:BSRR) last posted 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 10.48% and a net margin of 17.91%.

Institutional Investors Weigh In On Sierra Bancorp

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Sierra Bancorp in the third quarter worth $142,000. Assenagon Asset Management S.A. increased its position in shares of 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 buying an additional 14,335 shares during the period. Financial Management Professionals Inc. bought a new stake in Sierra Bancorp during the 3rd quarter worth approximately $29,000. Los Angeles Capital Management LLC raised its position in shares of Sierra Bancorp by 21.2% in the third quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 8,033 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Insider Buying and Selling

In other Sierra Bancorp news, Director Albert L. Berra sold 2,540 shares of the 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 sale, the director now directly owns 150,063 shares in the company, valued at $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James C. Holly sold 5,000 shares of the firm’s 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 in the company, valued at approximately $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,056 shares of company stock valued at $244,741. Company 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. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.24. Sierra Bancorp’s payout ratio is 38.10%.

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.