Sierra Bancorp (NASDAQ:BSRR – Free Report) – DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of Sierra Bancorp in a research note issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $3.27 per share for the year, up from their prior estimate of $2.78. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.
A number of other research analysts have also weighed in on BSRR. StockNews.com lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on Sierra Bancorp from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.
Sierra Bancorp Stock Down 1.4 %
BSRR stock opened at $30.35 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $436.74 million, a price-to-earnings ratio of 12.04 and a beta of 0.92. Sierra Bancorp has a fifty-two week low of $17.69 and a fifty-two week high of $35.13. The stock has a fifty day moving average of $29.99 and a 200-day moving average of $29.33.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. Sierra Bancorp had a return on equity of 10.48% and a net margin of 17.91%.
Institutional Investors Weigh In On Sierra Bancorp
Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in shares of Sierra Bancorp by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 997 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Sierra Bancorp in the third quarter worth about $29,000. Jane Street Group LLC increased its position in Sierra Bancorp by 9.7% in the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after buying an additional 1,484 shares in the last quarter. Empowered Funds LLC grew its position in shares of Sierra Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 74,994 shares of the financial services provider’s stock worth $2,166,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Sierra Bancorp by 21.6% during the third quarter. Martingale Asset Management L P now owns 36,184 shares of the financial services provider’s stock worth $1,045,000 after purchasing an additional 6,431 shares in the last quarter. 55.40% of the stock is owned by institutional investors.
Insider Buying and Selling at Sierra Bancorp
In related news, Director James C. Holly sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.98, for a total value of $144,900.00. Following the sale, the director now directly owns 313,370 shares of the company’s stock, valued at $9,081,462.60. This represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Albert L. Berra sold 2,540 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.24, for a total value of $81,889.60. Following the completion of the sale, the director now directly owns 150,063 shares in the company, valued at approximately $4,838,031.12. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,056 shares of company stock worth $244,741. 11.86% of the stock is currently owned by insiders.
Sierra Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 3.29%. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.24. Sierra Bancorp’s payout ratio is presently 38.10%.
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.
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