DA Davidson Decreases Earnings Estimates for Sierra Bancorp

Sierra Bancorp (NASDAQ:BSRR) – Equities research analysts at DA Davidson reduced their FY2025 earnings estimates for Sierra Bancorp in a research note issued to investors 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.

A number of other research firms also recently issued reports on BSRR. StockNews.com upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Keefe, Bruyette & Woods boosted their target price on Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $29.21 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The firm’s fifty day simple moving average is $30.44 and its 200-day simple moving average is $27.86. The stock has a market cap of $420.45 million, a PE ratio of 11.59 and a beta of 0.92.

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

Sierra Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, October 31st. Sierra Bancorp’s dividend payout ratio (DPR) is presently 38.10%.

Insider Activity

In other Sierra Bancorp news, Director James C. Holly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now directly owns 313,370 shares of the company’s stock, valued at $9,081,462.60. This trade represents a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction dated 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 approximately $4,838,031.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,056 shares of company stock worth $244,741 over the last ninety days. 11.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sierra Bancorp

Several hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new position in Sierra Bancorp in the third quarter valued at $29,000. SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp during the 3rd quarter valued at about $142,000. Franklin Resources Inc. purchased a new stake in Sierra Bancorp in the third quarter valued at approximately $216,000. Panagora Asset Management Inc. increased its position in Sierra Bancorp by 8.2% during the second 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 last quarter. Finally, Jane Street Group LLC raised its stake in Sierra Bancorp by 9.7% during the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 1,484 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

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