FY2018 EPS Estimates for Sierra Bancorp Raised by Analyst (NASDAQ:BSRR)
Sierra Bancorp (NASDAQ:BSRR) – Equities researchers at DA Davidson raised their FY2018 earnings per share estimates for shares of Sierra Bancorp in a research report issued on Monday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $1.80 per share for the year, up from their prior estimate of $1.78. DA Davidson currently has a “Buy” rating and a $30.00 price target on the stock.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Sierra Bancorp had a return on equity of 9.22% and a net margin of 20.35%. The company had revenue of $23.20 million during the quarter, compared to analysts’ expectations of $22.80 million. TRADEMARK VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/06/fy2018-eps-estimates-for-sierra-bancorp-raised-by-analyst-nasdaqbsrr-updated.html.
Other equities analysts also recently issued reports about the company. Raymond James Financial, Inc. upgraded Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 target price on shares of Sierra Bancorp in a research note on Friday, July 14th. ValuEngine downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub downgraded Sierra Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Sierra Bancorp presently has a consensus rating of “Hold” and an average target price of $26.90.
Sierra Bancorp (BSRR) traded up 0.19% during mid-day trading on Wednesday, reaching $26.76. The company’s stock had a trading volume of 7,360 shares. The stock has a market capitalization of $370.12 million, a price-to-earnings ratio of 20.44 and a beta of 0.85. The firm has a 50-day moving average of $24.76 and a 200-day moving average of $26.12. Sierra Bancorp has a 52 week low of $16.98 and a 52 week high of $29.50.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.56 annualized dividend and a yield of 2.10%. Sierra Bancorp’s payout ratio is 40.88%.
In other news, Director Robb Evans bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were purchased at an average price of $25.39 per share, with a total value of $25,390.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $380,850. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.24% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in BSRR. Russell Investments Group Ltd. purchased a new stake in shares of Sierra Bancorp during the fourth quarter valued at approximately $213,000. State Street Corp boosted its stake in shares of Sierra Bancorp by 3.0% in the fourth quarter. State Street Corp now owns 202,875 shares of the financial services provider’s stock valued at $5,395,000 after buying an additional 5,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sierra Bancorp by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 827,845 shares of the financial services provider’s stock valued at $22,012,000 after buying an additional 36,403 shares during the last quarter. FMR LLC purchased a new stake in shares of Sierra Bancorp during the fourth quarter valued at approximately $6,293,000. Finally, Teachers Advisors LLC boosted its stake in shares of Sierra Bancorp by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock valued at $516,000 after buying an additional 1,300 shares during the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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