FY2024 Earnings Estimate for Sierra Bancorp (NASDAQ:BSRR) Issued By DA Davidson

Sierra Bancorp (NASDAQ:BSRR) – Equities research analysts at DA Davidson lowered their FY2024 EPS estimates for shares of Sierra Bancorp in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $2.52 per share for the year, down from their prior estimate of $2.67. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.33 per share.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.26). Sierra Bancorp had a net margin of 17.80% and a return on equity of 11.11%. The company had revenue of $50.49 million for the quarter, compared to the consensus estimate of $35.15 million.

BSRR has been the topic of several other reports. Janney Montgomery Scott raised Sierra Bancorp from a “neutral” rating to a “buy” rating and cut their target price for the stock from $24.00 to $23.00 in a research note on Tuesday. Keefe, Bruyette & Woods cut their target price on Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.33.

Sierra Bancorp Stock Up 4.7 %

Shares of NASDAQ:BSRR opened at $20.90 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $306.19 million, a P/E ratio of 8.64 and a beta of 0.93. Sierra Bancorp has a 12-month low of $15.01 and a 12-month high of $23.21. The stock’s 50-day moving average price is $18.73 and its 200-day moving average price is $19.52.

Institutional Trading of Sierra Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Sierra Bancorp by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 996,631 shares of the financial services provider’s stock valued at $22,474,000 after purchasing an additional 3,348 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of Sierra Bancorp by 4.0% during the third quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider’s stock valued at $12,394,000 after purchasing an additional 25,256 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Sierra Bancorp by 15.6% during the first quarter. Assenagon Asset Management S.A. now owns 77,645 shares of the financial services provider’s stock valued at $1,568,000 after purchasing an additional 10,496 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Sierra Bancorp by 20.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 43,620 shares of the financial services provider’s stock valued at $984,000 after purchasing an additional 7,260 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Sierra Bancorp by 118.2% in the 4th quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 8,243 shares during the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Sierra Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be issued a $0.23 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.92 annualized dividend and a yield of 4.40%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 38.02%.

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.