FY2025 EPS Forecast for Sierra Bancorp Reduced by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Stock analysts at DA Davidson cut their FY2025 earnings per share estimates for shares of Sierra Bancorp in a research report issued to clients and investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $2.98 per share for the year, down from their previous estimate of $2.99. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.95 per share.

Separately, StockNews.com cut Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.

Sierra Bancorp Trading Down 1.0 %

Shares of NASDAQ BSRR opened at $25.42 on Friday. Sierra Bancorp has a 1-year low of $17.70 and a 1-year high of $35.13. The company has a 50-day moving average of $29.53 and a two-hundred day moving average of $29.67. The company has a market cap of $354.96 million, a PE ratio of 9.05 and a beta of 0.89. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. Sierra Bancorp had a return on equity of 11.55% and a net margin of 19.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new stake in Sierra Bancorp in the fourth quarter worth $475,000. Two Sigma Advisers LP increased its position in shares of Sierra Bancorp by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the financial services provider’s stock valued at $362,000 after buying an additional 1,000 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Sierra Bancorp during the 4th quarter worth $458,000. Millennium Management LLC lifted its holdings in Sierra Bancorp by 301.4% during the fourth quarter. Millennium Management LLC now owns 37,858 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 28,426 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Sierra Bancorp by 26.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,871 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 2,065 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Insider Activity at Sierra Bancorp

In other news, EVP Michael Olague sold 3,563 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was 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 directly owns 12,409 shares in the company, valued at approximately $386,540.35. The trade was a 22.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie G. Castle sold 1,104 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were 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 directly owns 4,157 shares of the company’s stock, valued at approximately $133,024. This trade represents a 20.98 % 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 worth $166,994 over the last ninety days. Company insiders own 11.86% of the company’s stock.

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.93%. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 3rd. Sierra Bancorp’s payout ratio is 35.59%.

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.