FY2025 EPS Estimates for Sierra Bancorp Lowered by Analyst

Sierra Bancorp (NASDAQ:BSRR) – DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Sierra Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $2.78 per share for the year, down from their previous forecast of $2.88. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.

Several other research analysts have also commented on BSRR. StockNews.com raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Keefe, Bruyette & Woods raised their target price on Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Sierra Bancorp Stock Performance

NASDAQ:BSRR opened at $29.21 on Monday. The firm’s fifty day simple moving average is $30.44 and its 200 day simple moving average is $27.86. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Sierra Bancorp has a twelve month low of $17.69 and a twelve month high of $35.13. The firm has a market capitalization of $420.45 million, a price-to-earnings ratio of 11.59 and a beta of 0.92.

Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%. The firm had revenue of $52.59 million for the quarter, compared to analysts’ expectations of $38.30 million.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, October 31st. Sierra Bancorp’s dividend payout ratio (DPR) is 38.10%.

Insiders Place Their Bets

In related news, Director James C. Holly sold 5,000 shares of Sierra Bancorp stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total value of $144,900.00. Following the completion of the sale, the director now owns 313,370 shares in the company, valued at approximately $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert L. Berra sold 2,540 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total transaction of $81,889.60. Following the transaction, the director now directly owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,056 shares of company stock worth $244,741 in the last quarter. 11.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sierra Bancorp

Hedge funds have recently bought and sold shares of the company. Private Management Group Inc. grew its position in shares of Sierra Bancorp by 1.2% in the 2nd quarter. Private Management Group Inc. now owns 657,147 shares of the financial services provider’s stock worth $14,707,000 after acquiring an additional 7,515 shares in the last quarter. State Street Corp raised its holdings in shares of Sierra Bancorp by 3.6% during the third quarter. State Street Corp now owns 321,257 shares of the financial services provider’s stock worth $9,278,000 after purchasing an additional 11,095 shares during the period. FMR LLC lifted its position in shares of Sierra Bancorp by 12.5% in the 3rd quarter. FMR LLC now owns 194,573 shares of the financial services provider’s stock worth $5,619,000 after buying an additional 21,558 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Sierra Bancorp by 19.2% in the 3rd quarter. Foundry Partners LLC now owns 176,985 shares of the financial services provider’s stock worth $5,111,000 after buying an additional 28,495 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sierra Bancorp by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,520 shares of the financial services provider’s stock valued at $2,675,000 after buying an additional 3,531 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About Sierra Bancorp

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.