Sierra Bancorp (NASDAQ:BSRR) posted its quarterly earnings results on Monday. The financial services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02, Fidelity Earnings reports. Sierra Bancorp had a net margin of 24.91% and a return on equity of 11.71%. The firm had revenue of $30.24 million for the quarter, compared to the consensus estimate of $29.82 million.
Shares of NASDAQ BSRR traded up $0.25 during midday trading on Tuesday, reaching $26.95. 814 shares of the company traded hands, compared to its average volume of 31,187. The firm has a market cap of $409.38 million, a PE ratio of 14.07, a PEG ratio of 1.52 and a beta of 0.91. The stock’s 50-day simple moving average is $26.21 and its 200-day simple moving average is $25.80. Sierra Bancorp has a 12 month low of $22.67 and a 12 month high of $28.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.82%. Sierra Bancorp’s payout ratio is presently 39.58%.
BSRR has been the topic of a number of recent research reports. BidaskClub downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Raymond James cut their price objective on Sierra Bancorp from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. ValuEngine raised Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Zacks Investment Research cut Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Sierra Bancorp has a consensus rating of “Hold” and a consensus price target of $29.00.
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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