FY2025 EPS Forecast for Sierra Bancorp Reduced by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Equities research analysts at DA Davidson lowered their FY2025 earnings per share estimates for Sierra Bancorp in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $2.78 for the year, down from their prior estimate of $2.88. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.

Several other analysts have also recently commented on BSRR. Keefe, Bruyette & Woods upped their target price on Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th.

Sierra Bancorp Trading Up 1.4 %

BSRR opened at $29.60 on Monday. The firm has a market capitalization of $426.06 million, a price-to-earnings ratio of 11.75 and a beta of 0.92. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The company’s 50 day moving average price is $30.48 and its two-hundred day moving average price is $27.99. 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, October 21st. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $52.59 million during the quarter, compared to analysts’ expectations of $38.30 million. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%.

Hedge Funds Weigh In On Sierra Bancorp

Several hedge funds have recently made changes to their positions in BSRR. Financial Management Professionals Inc. bought a new stake in shares of Sierra Bancorp during the third quarter valued at approximately $29,000. SG Americas Securities LLC purchased a new position in shares of Sierra Bancorp during the third quarter valued at approximately $142,000. Franklin Resources Inc. bought a new stake in shares of Sierra Bancorp in the 3rd quarter worth approximately $216,000. Panagora Asset Management Inc. increased its position in Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock valued at $268,000 after buying an additional 904 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Sierra Bancorp by 9.7% in the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 1,484 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Albert L. Berra sold 2,540 shares of the company’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 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 represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Holly sold 5,000 shares of the business’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 completion of the transaction, the director now directly owns 313,370 shares of the company’s stock, valued at approximately $9,081,462.60. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,056 shares of company stock worth $244,741 over the last 90 days. Corporate insiders own 11.86% of the company’s stock.

Sierra Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Thursday, October 31st. Sierra Bancorp’s dividend payout ratio (DPR) is currently 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.