Sierra Bancorp (NASDAQ:BSRR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Sierra Bancorp (NASDAQ:BSRR) announced its quarterly earnings data on Monday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01), Zacks reports. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%.

Sierra Bancorp Stock Down 2.7 %

BSRR stock opened at $25.54 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $353.22 million, a PE ratio of 9.09 and a beta of 0.76. The firm has a 50 day simple moving average of $27.73 and a 200 day simple moving average of $29.29. Sierra Bancorp has a 12 month low of $19.77 and a 12 month high of $35.13.

Insider Transactions at Sierra Bancorp

In other Sierra Bancorp news, Director Julie G. Castle sold 1,104 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.00, for a total value of $35,328.00. Following the completion of the sale, the director now owns 4,157 shares of the company’s stock, valued at $133,024. The trade was a 20.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Olague sold 3,563 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $31.15, for a total transaction of $110,987.45. Following the completion of the transaction, the executive vice president now owns 12,409 shares in the company, valued at $386,540.35. The trade was a 22.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,393 shares of company stock valued at $166,994 over the last three months. Company insiders own 11.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday.

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.