Sierra Bancorp (NASDAQ:BSRR) Expected to Post Quarterly Sales of $33.63 Million

Brokerages predict that Sierra Bancorp (NASDAQ:BSRR – Get Rating) will announce $33.63 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Sierra Bancorp’s earnings. The highest sales estimate is $35.00 million and the lowest is $32.70 million. Sierra Bancorp reported sales of $35.39 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Sierra Bancorp will report full year sales of $139.40 million for the current fiscal year, with estimates ranging from $135.30 million to $145.50 million. For the next year, analysts anticipate that the business will post sales of $150.27 million, with estimates ranging from $147.40 million to $155.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR – Get Rating) last announced its earnings results on Monday, April 25th. The financial services provider reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.11). Sierra Bancorp had a return on equity of 12.01% and a net margin of 30.47%.

A number of equities analysts have recently commented on BSRR shares. StockNews.com started coverage on Sierra Bancorp in a report on Thursday, March 31st. They issued a “buy” rating for the company. Janney Montgomery Scott cut Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, January 25th. Finally, Zacks Investment Research upgraded Sierra Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, March 31st.

Shares of Sierra Bancorp stock opened at $23.10 on Tuesday. The stock has a market cap of $348.49 million, a price-to-earnings ratio of 8.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day moving average price of $25.45 and a 200-day moving average price of $26.09. Sierra Bancorp has a one year low of $22.40 and a one year high of $28.92.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Monday, May 2nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, April 29th. Sierra Bancorp’s dividend payout ratio (DPR) is presently 32.86%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Sierra Bancorp during the 4th quarter valued at $1,116,000. Barclays PLC raised its position in Sierra Bancorp by 197.0% during the 4th quarter. Barclays PLC now owns 17,044 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 11,305 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Sierra Bancorp by 3.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 97,381 shares of the financial services provider’s stock valued at $2,644,000 after purchasing an additional 3,264 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Sierra Bancorp by 1.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 321,349 shares of the financial services provider’s stock valued at $8,724,000 after purchasing an additional 5,560 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Sierra Bancorp by 3.2% during the 4th quarter. Deutsche Bank AG now owns 14,071 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 437 shares in the last quarter. 53.30% of the stock is owned by institutional investors and hedge funds.

About Sierra Bancorp (Get Rating)

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. The company 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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