Zacks: Brokerages Anticipate Sierra Bancorp (BSRR) Will Post Earnings of $0.53 Per Share

Analysts predict that Sierra Bancorp (NASDAQ:BSRR) will announce $0.53 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Sierra Bancorp’s earnings, with estimates ranging from $0.52 to $0.55. Sierra Bancorp posted earnings per share of $0.44 in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.5%. The firm is expected to announce its next earnings report on Monday, January 28th.

On average, analysts expect that Sierra Bancorp will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $2.00. For the next financial year, analysts forecast that the business will report earnings of $2.17 per share, with EPS estimates ranging from $2.11 to $2.21. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). Sierra Bancorp had a return on equity of 11.09% and a net margin of 21.44%. The business had revenue of $29.50 million during the quarter, compared to the consensus estimate of $28.75 million.

Several equities research analysts recently commented on BSRR shares. BidaskClub downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 14th. Sandler O’Neill upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.25.

NASDAQ BSRR traded down $0.15 during trading hours on Friday, hitting $27.68. The company’s stock had a trading volume of 332 shares, compared to its average volume of 46,183. Sierra Bancorp has a 12 month low of $24.32 and a 12 month high of $31.18. The company has a market capitalization of $424.47 million, a price-to-earnings ratio of 17.82, a PEG ratio of 1.77 and a beta of 0.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a $0.16 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $0.64 annualized dividend and a yield of 2.31%. Sierra Bancorp’s payout ratio is 41.29%.

In other Sierra Bancorp news, EVP James F. Gardunio sold 2,000 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $30.22, for a total transaction of $60,440.00. Following the completion of the sale, the executive vice president now directly owns 2,000 shares in the company, valued at approximately $60,440. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin J. Mcphaill sold 4,801 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $29.37, for a total value of $141,005.37. Following the sale, the chief executive officer now owns 12,230 shares of the company’s stock, valued at $359,195.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,301 shares of company stock valued at $275,320. Corporate insiders own 10.21% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BSRR. BlackRock Inc. grew its stake in shares of Sierra Bancorp by 10.2% during the 2nd quarter. BlackRock Inc. now owns 949,033 shares of the financial services provider’s stock valued at $26,801,000 after purchasing an additional 87,687 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Sierra Bancorp during the 3rd quarter valued at about $1,817,000. Bowling Portfolio Management LLC bought a new stake in shares of Sierra Bancorp during the 2nd quarter valued at about $1,626,000. Dimensional Fund Advisors LP grew its stake in shares of Sierra Bancorp by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,040,181 shares of the financial services provider’s stock valued at $29,375,000 after purchasing an additional 37,646 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Sierra Bancorp by 12.7% during the 2nd quarter. Renaissance Technologies LLC now owns 315,900 shares of the financial services provider’s stock valued at $8,921,000 after purchasing an additional 35,600 shares during the period. Institutional investors and hedge funds own 52.19% of the company’s stock.

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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

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Earnings History and Estimates for Sierra Bancorp (NASDAQ:BSRR)

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