Sierra Bancorp (NASDAQ:BSRR) to Post Q2 2024 Earnings of $0.64 Per Share, DA Davidson Forecasts

Sierra Bancorp (NASDAQ:BSRR) – Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Sierra Bancorp in a research note issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $0.64 for the quarter. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.33 per share. DA Davidson also issued estimates for Sierra Bancorp’s FY2025 earnings at $2.58 EPS.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share 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.

Several other research analysts have also recently weighed in on the stock. Janney Montgomery Scott raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $24.00 to $23.00 in a report on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

Sierra Bancorp Stock Up 4.7 %

Shares of Sierra Bancorp stock opened at $20.90 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $306.19 million, a PE ratio of 8.62 and a beta of 0.93. Sierra Bancorp has a 52-week low of $15.01 and a 52-week high of $23.21. The company has a 50-day simple moving average of $18.73 and a two-hundred day simple moving average of $19.52.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.23 per share. 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%.

Institutional Investors Weigh In On Sierra Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp during the 3rd quarter valued at about $120,000. Private Management Group Inc. increased its stake 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 worth $12,394,000 after buying an additional 25,256 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Sierra Bancorp during the third quarter worth approximately $689,000. Assenagon Asset Management S.A. increased its stake in shares of Sierra Bancorp by 2.1% during the third quarter. Assenagon Asset Management S.A. now owns 52,829 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 1,095 shares during the period. Finally, Bfsg LLC acquired a new position in Sierra Bancorp in the fourth quarter valued at approximately $122,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.