FY2025 EPS Estimates for Sierra Bancorp Boosted by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Investment analysts at DA Davidson increased their FY2025 earnings estimates for Sierra Bancorp in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $3.27 per share for the year, up from their prior forecast of $2.78. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%.

BSRR has been the subject of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th.

Sierra Bancorp Stock Down 1.4 %

BSRR opened at $30.35 on Thursday. 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 capitalization of $436.74 million, a P/E ratio of 12.04 and a beta of 0.92. The stock has a fifty day moving average of $29.99 and a 200-day moving average of $29.33.

Hedge Funds Weigh In On Sierra Bancorp

Several institutional investors have recently added to or reduced their stakes in BSRR. SG Americas Securities LLC acquired a new position in Sierra Bancorp in the third quarter valued at approximately $142,000. Assenagon Asset Management S.A. lifted its stake in Sierra Bancorp by 24.0% in the third quarter. Assenagon Asset Management S.A. now owns 74,000 shares of the financial services provider’s stock valued at $2,137,000 after buying an additional 14,335 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Sierra Bancorp during the third quarter worth approximately $29,000. Los Angeles Capital Management LLC raised its position in shares of Sierra Bancorp by 21.2% during the third quarter. Los Angeles Capital Management LLC now owns 46,013 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 8,033 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Sierra Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider’s stock worth $2,166,000 after purchasing an additional 3,752 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sierra Bancorp

In related news, Director Albert L. Berra sold 2,540 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the sale, the director now directly owns 150,063 shares in the company, valued at $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $144,900.00. Following the completion of the sale, the director now owns 313,370 shares in the company, valued at $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,056 shares of company stock worth $244,741 over the last 90 days. Insiders own 11.86% of the company’s stock.

Sierra Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, February 3rd. This is a boost from Sierra Bancorp’s previous quarterly dividend of $0.24. Sierra Bancorp’s payout ratio is currently 38.10%.

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.