Sierra Bancorp (NASDAQ:BSRR) Announces Earnings Results

Sierra Bancorp (NASDAQ:BSRR) posted its earnings results on Monday. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.27, Zacks reports. Sierra Bancorp had a net margin of 22.37% and a return on equity of 12.38%. The business had revenue of $40.08 million for the quarter, compared to analysts’ expectations of $39.23 million.

Sierra Bancorp Price Performance

Sierra Bancorp stock opened at $41.74 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. Sierra Bancorp has a twelve month low of $26.62 and a twelve month high of $43.13. The firm’s 50 day moving average price is $39.95 and its two-hundred day moving average price is $39.40. The firm has a market cap of $540.95 million, a PE ratio of 12.20 and a beta of 0.76.

Sierra Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be issued a $0.27 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. Sierra Bancorp’s dividend payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

BSRR has been the subject of several recent research reports. Piper Sandler lowered their target price on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Sierra Bancorp in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.67.

Sierra Bancorp Company Profile

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.