Zacks: Brokerages Expect Sierra Bancorp (BSRR) to Post $0.53 Earnings Per Share

Equities research analysts forecast that Sierra Bancorp (NASDAQ:BSRR) will announce earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sierra Bancorp’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.52. Sierra Bancorp reported earnings of $0.44 per share during the same quarter last year, which suggests a positive year over year growth rate of 20.5%. The business is scheduled to announce its next quarterly earnings report on Monday, January 28th.

On average, analysts expect that Sierra Bancorp will report full year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.96. For the next financial year, analysts anticipate that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $2.11 to $2.21. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Sierra Bancorp had a return on equity of 11.03% and a net margin of 21.44%. The firm had revenue of $29.50 million for the quarter, compared to analyst estimates of $28.75 million.

A number of research analysts recently weighed in on BSRR shares. Sandler O’Neill raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, October 23rd. They noted that the move was a valuation call. BidaskClub raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 8th. Finally, Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Monday, September 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.25.

BSRR stock traded down $0.06 during trading on Friday, reaching $26.93. 6,845 shares of the stock were exchanged, compared to its average volume of 39,213. Sierra Bancorp has a twelve month low of $24.75 and a twelve month high of $31.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $411.57 million, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Wednesday, October 31st. Sierra Bancorp’s dividend payout ratio (DPR) is presently 41.29%.

In other news, EVP James F. Gardunio sold 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $30.22, for a total value of $60,440.00. Following the completion of the sale, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at $60,440. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin J. Mcphaill sold 4,801 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $29.37, for a total value of $141,005.37. Following the completion of the sale, the chief executive officer now directly 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 three months, insiders sold 11,801 shares of company stock valued at $345,995. Company insiders own 10.21% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Sierra Bancorp by 90.2% in the second quarter. Acadian Asset Management LLC now owns 4,834 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 2,292 shares during the last quarter. Bank of Montreal Can increased its position in shares of Sierra Bancorp by 5,069.0% during the third quarter. Bank of Montreal Can now owns 5,169 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 5,069 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Sierra Bancorp during the second quarter valued at approximately $203,000. MetLife Investment Advisors LLC increased its position in shares of Sierra Bancorp by 63.9% during the third quarter. MetLife Investment Advisors LLC now owns 9,574 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 3,733 shares during the last quarter. Finally, Mackay Shields LLC increased its position in shares of Sierra Bancorp by 24.4% during the second quarter. Mackay Shields LLC now owns 11,231 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 2,200 shares during the last quarter. 53.81% of the stock is owned by hedge funds and other institutional investors.

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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