Equity research analysts expect Sierra Bancorp (NASDAQ:BSRR – Get Rating) to post sales of $32.87 million in the current quarter, Zacks reports. Three analysts have made estimates of Sierra Bancorp’s earnings, with the highest sales estimate of $33.40 million and the lowest estimate of $32.20 million. Sierra Bancorp posted sales of $33.80 million in the same quarter last year, which would indicate a negative growth rate of 2.8% year over year. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Sierra Bancorp to report annual sales of $132.33 million for the current year, with estimates ranging from $130.40 million to $133.70 million. For the next fiscal year, analysts expect the company to post sales of $146.10 million, with estimates ranging from $144.30 to $147.50 million. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side analysts who cover Sierra Bancorp.
Sierra Bancorp Inc (NASDAQ:BSRR – Get Rating) last released quarterly earnings data on Monday, April 25. The financial services provider reported earnings per share of $0.49 for the quarter, missing analyst consensus estimates of $0.59 per ($0.10). The company posted revenue of $30.82 million in the quarter, compared to $33.63 million expected by analysts. Sierra Bancorp had a net margin of 28.71% and a return on equity of 11.16%.
Several brokerages have recently commented on BSRR. Zacks Investment Research moved Sierra Bancorp shares from a “buy” rating to a “hold” rating in a Wednesday, April 27 research report. Raymond James cut his price target on Sierra Bancorp shares from $30.00 to $28.00 and set an “outperform” rating on the stock in a Tuesday, April 26 research report. Finally, StockNews.com upgraded Sierra Bancorp shares from a “buy” rating to a “hold” rating in a Thursday, April 28 report.
NASDAQ: BSRR opened at $21.92 on Monday. The company has a debt ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.74. Sierra Bancorp has a 1-year minimum of $20.77 and a 1-year maximum of $28.92. The company has a 50-day moving average of $22.85 and a two-hundred-day moving average of $25.34. The stock has a market capitalization of $330.69 million, a P/E ratio of 8.53 and a beta of 1.11.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 12. Investors of record on Monday, May 2 received a dividend of $0.23 per share. The ex-dividend date was Friday, April 29. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 4.20%. Sierra Bancorp’s dividend payout ratio is currently 35.80%.
A number of institutional investors have recently bought and sold shares of BSRR. The Manufacturers Life Insurance Company increased its equity stake in Sierra Bancorp by 67.7% in the third quarter. The Manufacturers Life Insurance Company now owns 315,789 shares of the financial services provider valued at $7,667,000 after purchasing an additional 127,538 shares last quarter. Assenagon Asset Management SA purchased a new equity stake in Sierra Bancorp in the fourth quarter at a value of $1,862,000. Norges Bank bought a new equity stake in Sierra Bancorp in the fourth quarter worth $1,116,000. Seizert Capital Partners LLC increased its holdings of Sierra Bancorp shares by 46.3% in the fourth quarter. Seizert Capital Partners LLC now owns 121,366 shares of the financial services provider valued at $3,295,000 after purchasing an additional 38,391 shares last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Sierra Bancorp by 6.3% in the third quarter. Renaissance Technologies LLC now owns 359,431 shares of the financial services provider valued at $8,727,000 after purchasing an additional 21,200 shares last quarter. Hedge funds and other institutional investors own 55.09% of the company’s shares.
About Sierra Bancorp (Get an assessment)
Sierra Bancorp operates as a bank holding company for Bank of the Sierra which provides retail and commercial banking services to individuals and businesses in California. The Company accepts various deposit products, such as checking accounts, savings accounts, money market current accounts, term deposits, retirement accounts and sweepstakes accounts.
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