$0.52 EPS Expected for Sierra Bancorp (BSRR) This Quarter

Analysts expect that Sierra Bancorp (NASDAQ:BSRR) will report earnings of $0.52 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sierra Bancorp’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.55. Sierra Bancorp posted earnings of $0.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The company is expected to issue its next earnings report on Monday, April 22nd.

On average, analysts expect that Sierra Bancorp will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.08 to $2.18. For the next fiscal year, analysts anticipate that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.22 to $2.32. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Sierra Bancorp had a net margin of 24.09% and a return on equity of 11.29%. The company had revenue of $29.32 million for the quarter, compared to the consensus estimate of $29.53 million.

A number of research firms have commented on BSRR. ValuEngine downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Zacks Investment Research downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. BidaskClub raised shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Hovde Group reissued a “buy” rating on shares of Sierra Bancorp in a research report on Monday, January 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.67.

In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were acquired at an average price of $26.79 per share, with a total value of $26,790.00. Following the transaction, the director now owns 19,000 shares of the company’s stock, valued at approximately $509,010. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin J. Mcphaill sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $27.27, for a total transaction of $409,050.00. Following the transaction, the chief executive officer now directly owns 23,076 shares in the company, valued at approximately $629,282.52. The disclosure for this sale can be found here. Insiders have acquired a total of 16,500 shares of company stock worth $443,570 in the last three months. Insiders own 10.21% of the company’s stock.

Several institutional investors have recently modified their holdings of BSRR. FMR LLC grew its position in shares of Sierra Bancorp by 75.6% in the 3rd quarter. FMR LLC now owns 270,094 shares of the financial services provider’s stock worth $7,805,000 after buying an additional 116,309 shares during the last quarter. BlackRock Inc. grew its position in shares of Sierra Bancorp by 7.4% in the 3rd quarter. BlackRock Inc. now owns 1,019,291 shares of the financial services provider’s stock worth $29,458,000 after buying an additional 70,258 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sierra Bancorp by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,074,900 shares of the financial services provider’s stock worth $31,065,000 after buying an additional 34,719 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Sierra Bancorp by 10.4% in the 3rd quarter. Renaissance Technologies LLC now owns 348,655 shares of the financial services provider’s stock worth $10,076,000 after buying an additional 32,755 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Sierra Bancorp by 46.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,800 shares of the financial services provider’s stock worth $2,206,000 after buying an additional 28,925 shares during the last quarter. 52.61% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ BSRR opened at $25.13 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market cap of $377.37 million, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.44 and a beta of 0.86. Sierra Bancorp has a one year low of $22.67 and a one year high of $31.18.

About Sierra Bancorp

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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