Brokerages predict that Sierra Bancorp (NASDAQ: BSRR – Get a rating) will announce revenue of $33.63 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates of Sierra Bancorp’s earnings. The highest sales estimate is $35.00 million and the lowest is $32.70 million. Sierra Bancorp reported sales of $35.39 million in the same quarter last year, indicating a negative 5% year-over-year growth rate. The company is due to release its next earnings report on Monday, January 1.
On average, analysts expect Sierra Bancorp to report annual sales of $139.40 million for the current fiscal year, with estimates ranging from $135.30 to $145.50 million. For next year, analysts expect the company to post sales of $150.27 million, with estimates ranging from $147.40 to $155.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts who provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ: BSRR – Get a rating) last announced its results on Monday, April 25. The financial services provider reported EPS of $0.49 for the quarter, missing the Zacks consensus estimate of $0.60 per ($0.11). Sierra Bancorp had a return on equity of 12.01% and a net margin of 30.47%.
A number of equity analysts have recently commented on BSRR shares. StockNews.com began covering Sierra Bancorp in a report on Thursday, March 31. They issued a “buy” rating for the company. Janney Montgomery Scott upgraded Sierra Bancorp from a “buy” rating to a “neutral” rating in a Tuesday, January 25 report. To finish, Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a price target of $28.00 for the company in a Thursday, March 31 report.
Shares of Sierra Bancorp stock opened at $23.10 on Tuesday. The stock has a market capitalization of $348.49 million, a price-earnings ratio of 8.25 and a beta of 1.10. The company has a debt ratio of 0.23, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day moving average price of $25.45 and a 200-day moving average price of $26.09. Sierra Bancorp has a one-year minimum of $22.40 and a one-year maximum of $28.92.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 12. Shareholders of record on Monday, May 2 will receive a dividend of $0.23 per share. This represents a dividend of $0.92 on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, April 29. Sierra Bancorp’s dividend payout ratio (DPR) is currently 32.86%.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Norges Bank bought a new stake in Sierra Bancorp during the 4th quarter at a value of $1,116,000. Barclays PLC increased its position in Sierra Bancorp by 197.0% during the fourth quarter. Barclays PLC now owns 17,044 shares of the financial services provider valued at $463,000 after buying an additional 11,305 shares last quarter. Goldman Sachs Group Inc. increased its position in Sierra Bancorp by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 97,381 shares of the financial services provider valued at $2,644,000 after buying 3,264 additional shares last quarter. The Manufacturers Life Insurance Company increased its position in Sierra Bancorp by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 321,349 shares of the financial services provider valued at $8,724,000 after buying an additional 5,560 shares last quarter. Finally, Deutsche Bank AG increased its position in Sierra Bancorp by 3.2% during the 4th quarter. Deutsche Bank AG now owns 14,071 shares of the financial services provider valued at $382,000 after buying 437 additional shares last quarter. 53.30% of the shares are held by institutional investors and hedge funds.
About Sierra Bancorp (Get a rating)
Sierra Bancorp operates as a bank holding company for Bank of the Sierra which provides retail and commercial banking services to individuals and businesses in California. The Company accepts various deposit products, such as checking accounts, savings accounts, money market current accounts, term deposits, retirement accounts and sweepstakes accounts.
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