Wall Street analysts expect Sierra Bancorp (NASDAQ:BSRR) to post sales of $33.87 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $34.10 million and the lowest estimate coming in at $33.50 million. Sierra Bancorp posted sales of $35.18 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.7%. The company is scheduled to announce its next earnings report on Monday, October 18th.
According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $137.20 million for the current financial year, with estimates ranging from $136.40 million to $138.20 million. For the next financial year, analysts anticipate that the company will report sales of $141.00 million, with estimates ranging from $138.40 million to $143.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Sunday, July 18th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. Sierra Bancorp had a net margin of 29.47% and a return on equity of 12.16%. The business had revenue of $33.80 million during the quarter, compared to analysts’ expectations of $34.87 million.
A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of Sierra Bancorp by 16.4% in the first quarter. UBS Group AG now owns 3,705 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 523 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Sierra Bancorp by 14.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 510 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in shares of Sierra Bancorp by 92,600.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 4,635 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 4,630 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Sierra Bancorp by 71.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,622 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 2,757 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Sierra Bancorp by 6.9% in the second quarter. First Trust Advisors LP now owns 7,992 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 53.94% of the company’s stock.
Shares of Sierra Bancorp stock traded up $0.42 on Friday, reaching $23.44. 20,965 shares of the stock were exchanged, compared to its average volume of 35,853. Sierra Bancorp has a 1-year low of $16.05 and a 1-year high of $29.42. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $24.16 and a two-hundred day moving average price of $25.91. The firm has a market capitalization of $361.26 million, a PE ratio of 8.59 and a beta of 1.26.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Shareholders of record on Friday, July 30th were given a dividend of $0.22 per share. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.75%. The ex-dividend date was Thursday, July 29th. Sierra Bancorp’s dividend payout ratio is presently 37.93%.
About Sierra Bancorp
Sierra Bancorp is a bank holding company, which engages in the provision of commercial banking services. It offers a wide range of deposit products and services for individuals and businesses including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
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