FY2025 EPS Estimate for Sierra Bancorp Lowered by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Sierra Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $2.78 per share for the year, down from their prior forecast of $2.88. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.

Several other analysts also recently weighed in on the company. StockNews.com upgraded Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Keefe, Bruyette & Woods upped their target price on shares of Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Sierra Bancorp Trading Up 1.4 %

Shares of NASDAQ BSRR opened at $29.60 on Monday. The business’s 50 day moving average price is $30.48 and its 200-day moving average price is $27.99. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $426.06 million, a price-to-earnings ratio of 11.75 and a beta of 0.92.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. The company had revenue of $52.59 million for the quarter, compared to the consensus estimate of $38.30 million.

Sierra Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.24 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 3.24%. Sierra Bancorp’s dividend payout ratio is presently 38.10%.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, Director James C. Holly sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the transaction, the director now owns 313,370 shares in the company, valued at approximately $9,081,462.60. This represents a 1.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total transaction of $81,889.60. Following the sale, the director now owns 150,063 shares of the company’s stock, valued at $4,838,031.12. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,056 shares of company stock valued at $244,741. 11.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSRR. Financial Management Professionals Inc. acquired a new position in Sierra Bancorp in the 3rd quarter worth approximately $29,000. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp in the third quarter worth $142,000. Franklin Resources Inc. acquired a new position in Sierra Bancorp during the third quarter valued at $216,000. Panagora Asset Management Inc. grew its position in Sierra Bancorp by 8.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 11,957 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 904 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Sierra Bancorp by 9.7% during the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock valued at $486,000 after buying an additional 1,484 shares during the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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